pension received by govt employee after retirement
will it get standard deduction rs. 50000
Yes, pension received is taxable as salary, it will qualify for the standard deduction.
2 Replies
Bhavin Shah
(Chartered Accountant)
(821 Points)
Replied 21 June 2020
Uncommuted pension is taxable whereas commuted pension is fully exempt for a govt employee
Std deduction is available against the taxable pension income
Std deduction is available against the taxable pension income
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