Rebate/deduction on income from family Pension

There is a one family pensioner aged 54 years having income Rs.260000.00.As per income tax rules this income should be shown as income from other sources and standard deduction of 33-1/3% or Rs 15000.00 which ever is less is allowed.My question is whether deduction under section 80C is also allowed to the family Pensioner.Thanking you and awaiting your guidence on above query please.

asked Jan 08 '13 at 16:19 by Niranjan Shrivastava 111

Family pension would be taxed under income from other sources. All tax deduction sections like 80C, 80D etc would be applicable for deduction.

answered Jan 09 '13 at 20:03 by Pankaj Batra 5.2k320


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Asked: Jan 08 '13 at 16:19

Seen: 3,502 times

Last updated: Jan 09 '13 at 20:03