Taxability of Family Pension
Meaning: Family Pension means pension received by the family members of the deceased employee. Taxability: It is chargeable to tax under the head “Income from other sources”. Deduction u/s 57: Least of the following is allowed as deduction- 33 1/3% of gross deduction 15,000 Exemptions: Family pension received by family members of Army personnel who […]
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