Pensioners related
vishal dudhrai (51 Points)
14 December 2020
If one person is getting two pensions, one for himself and one for family pension, will he get any exemption?
8 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 14 December 2020
No Exemption as per your query if two pensions received by you
How can you receive two pensions ?
How can you receive two pensions ?
vishal dudhrai
(51 Points)
Replied 15 December 2020
Sir ji,,
Does it mean that he has to calculate both the pensions and pay the tax?
Does it mean that he has to calculate both the pensions and pay the tax?
Shankar Rugge
(376 Points)
Replied 15 December 2020
yes. on one pension std deduction is ok I suppose but second pension no deduction
ayusmita
(Tax consultant)
(5885 Points)
Replied 16 December 2020
One pension which he get himself is shown under salary will get standard deduction on it
the second one family pension will shown under income from other sources
rs 15000 or 1/3rd of family pension received whichever is less is exempt from tax
the second one family pension will shown under income from other sources
rs 15000 or 1/3rd of family pension received whichever is less is exempt from tax
ayusmita
(Tax consultant)
(5885 Points)
Replied 16 December 2020
Welcome 😊
Just remember you have to deduct the lowezt out of two from family pension and shows it
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
