Poonawalla fincorp
Poonawalla fincorp

Taxability of pension recd by freedom fighter

This query is : Resolved 

27 July 2011 the widow of a freedom fighter receiving pension, does it taxable or not. If not under what section.

28 July 2011 Pension received by the Freedom Fighter is taxable under the head Salary only basic exemption is given allowed to Individual, Women and Senior Citizen.

In case of Family Pension receivable by any member of the deceased employee will be taxable under the head IFOS

It is taxable after giving basic exemption.



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