Family pension
BIJU P K (471 Points)
05 July 2018
Is there any tax exemption for family pension received to a salaried employee ? If so how much and under which section?
3 Replies
Jatin
(Accountant)
(3479 Points)
Replied 05 July 2018
No exemption, family pension is taxable if above BEL
Akhil
(Student CA )
(1005 Points)
Replied 05 July 2018
i think there is deduction u/s 57.......that to 1/3rd of f.p...
rama krishnan
(12239 Points)
Replied 05 July 2018
15000 or 1/3rd of family pension whichever is lesser can be claimed as deduction
Recent Topics
- Royalties
- Handling of NRO TDS
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
Related Threads
CAclubindia
