For a Peson Employed with State Gov who retired on Jan 31 2013 , the Pension payment started on August 2013 after a delay of 6 month for processing the papers . The Pension for Feb - June ( 6 months ) was paid as Arrears in August 2013 . is this amount Taxable ?
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Is pension arrear exempt from tax
Replies (2)
https://www.lessmytax.com/relief-on-salary-arrears-or-advance-gratuity-pension-family-pension/
go to this link.
you have two options.... 1. income of feb nd march to be shown on accrual basis for FY 12-13....... 2. include such arrear as income of FY 13-14 and claim relief u/s 89(1). choice is yours. either way you will be paying tax that would have been payable in 12-13.
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