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?
1 Answers
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.
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