Whether pension of state government employee is exempt

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2016 Hi

My mother is retired employee of State Government of Maharashtra. Is monthly pension received is exempt from tax.

Please advise me... Thanks in advance

Unnikrishnan B

Unnikrishnan B (Expert)
Follow

03 September 2016 Sir, uncommuted pension that you receive us fully taxable
But commuted pension in case of govt employee or employee of local authority is fully exempt if commutation is as per their rules
Hope it is clear

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2016 Dear Sir,

Thanks... so monthly pension received will liable to tax under income from salaries as per existing income tax slabs

please confirm my understanding

Upgrade to CAclubindia Pro. Subscribe Now!

Unnikrishnan B

Unnikrishnan B (Expert)
Follow

03 September 2016 Yes
The monthly pension received by the pensioner herself will be taxed under salary