Tax exemption on family pension

This query is : Resolved

lalitha hariharan (Querist)
Follow

15 March 2014 A person died while flying on inoculation training some thing like preparation for war type. Is the family pension fully exempted from tax.

Akash Barman

Akash Barman (Expert)
Follow

15 March 2014 After the death of an Employee if there is any Family Pension received by the legal heirs of the deceased it will be deemed to be the Income of legal heirs and will be taxed under Income from Other Sources, subject to a Standard Deduction allowable to the extent of:-

33 1/3 % of such Pension received OR Rs. 15,000/- whichever is LESS.

however Where the death of a member of the Armed forces (including Para military forces) of the Union has occurred in the course of Operational Duties, in such circumstances & subject to certain prescribed conditions, family pension received by Widow/ Legal Heirs is exempt from tax.