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Treatment of pension received

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2012 Employee was an employee of Municipal Corporation of Greater Mumbai. On retirement she is receiving monthly pension. Request you to advice on the treatment and taxability of pension.
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Ki$hor B

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Ki$hor B (Expert)
01 July 2012 Should be treated as Income under the head Salary.
In your case pension = salary.

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