Is pension of retired soldier exempted? If yes under which section.. Having income from pension and other source
Please suggest
Its Taxable u/h. Salary.
4 Replies
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 27 June 2019
1. Yes, there is no specific provision explaining the exemption of pension received by an ex-serviceman. Hence, just like normal pension income, the same shall be taxable under the head "Salary".
2. Taxable u/s sec 15.
Please correct me if the above solution has an alternative view.
Om Goyal
(445 Points)
Replied 27 June 2019
pension taxable u/s 17. claim std dedn 40000- further int show in Sh. OS
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