ms mala receives family pension rs 15000/M during PY 16-17
also she was employed in a private firm where she got consolidated salary rs 20000/M
total income chargeable to tax?
will it be 405000???
1 Replies
Poltu Ghosh
(Job)
(1865 Points)
Replied 02 June 2017
Family pension for Rs 180000 will be taxed as Income from other sources. Standard deduction of 33 1/3 % is available subject to maximum of Rs 15000. So net income from other sources is Rs 165000. Adding the salary income for Rs 240000 brings Total Income to Rs. 405000. So your computation is correct
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