one of my client, Received Pension Rs.36000/- per month& he is Regd. Govt employee. He is Physically Disabled person.
venkata krishna reddy (chartered accountant) (792 Points)
03 February 2016one of my client, Received Pension Rs.36000/- per month& he is Regd. Govt employee. He is Physically Disabled person.
Sathish M
(Management Accountant)
(40581 Points)
Replied 03 February 2016
Pension income is taxable similar to salary and the assessee can claim deduction under section 80 U upto Rs.75,000 who suffers from not less than 40 per cent of any disability (Rs.1,25,000 to a person with severe disability).
venkata krishna reddy
(chartered accountant)
(792 Points)
Replied 03 February 2016
he is Senior Citizen. up to Rs.500000/- he is not liable to TAX?
Sathish M
(Management Accountant)
(40581 Points)
Replied 03 February 2016
In that case, he is not liable to tax...!!!
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 03 February 2016
senior or super senior?? whats his age?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
