MURALIDOSS (INCOME TAX PRACTITIONER) (1314 Points)
01 February 2018Dear all,
Is Govt employee's pension received by his wife after his demise eligible for tax or not if she is working as a govt employee too
Vunu
(Developer)
(135 Points)
Replied 20 March 2018
Murali-ji, If the wife has the Pension Income as the only one income and that pension amount is less than prescribed limit of taxation, then there is no need to file ITR. If the wife has income from many other sources such as FDs, house rent income etc, then she is liable to file ITR and pay the tax.
One more thing, we can assume total Pension is 2,70,000.
Till F.Y 2017-2018, value of this amount should be shown as (2,70,000 - 15,000) 2,55,000 in the ITR (15000 deduction for only women)
From F.Y 2018-2019, value of this amount should be shown as (2,70,000 - 15,000 -,40,000) 2,15,000 in ITR (additional deduction as per latest budget)
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