TAX ON PENSION

Dear Sir,

I am retired army person and re-employed in autonomous body of Govt of India. I filling tax since earned taxable income duly included whole pension amount. Now I would like to know any exemption is there on pensionable income?

asked Jul 15 '11 at 13:26 by social 111


You will have to pay tax as per your slab and age. There is no extra exemption available for pension income. It will be treated like salary income and fully taxable.

Normal deduction like under 80-C, 80-D etc can be availed to save tax.

answered Jul 18 '11 at 16:41 by pankaj 5.2k320

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Asked: Jul 15 '11 at 13:26

Seen: 1,078 times

Last updated: Jul 18 '11 at 16:41