Deduction in family pension
Dhruv Shah (Article Student) (357 Points)
08 July 2017
The limits given for deduction in respect of family pension u/s 57(iii) is per annum or per month???
3 Replies
CA Prashak Kumar Goyal
(Pratice)
(192 Points)
Replied 08 July 2017
In the case of income in the nature of family pension, a deduction of a sum equal to
a) One-third per cent of such income
or
b) Fifteen thousand rupees,
whichever is less, Per Annum
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