Treatment of pension received
This query is : Resolved
Querist : Anonymous
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.
01 July 2012
Should be treated as Income under the head Salary.
In your case pension = salary.
In your case pension = salary.
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