I receive Family Pension, is it taxable? All India ITR August 14, 2019 12:27 Updated Follow Yes, Family Pension received by legal heirs of a deceased taxpayer are taxable. A deduction of Rs. 15,000 or 33 1/3% of the pension received whichever is less can be considered as a deduction. Are you tax prepared? We’re here to help. Related articles How to generate rent receipt using All India ITR? What is an intimation under 143(1)? What happens if I select the wrong Assessment Year while paying tax? If I receive a gift from my employer, am I supposed to pay taxes? How to calculate House Rent Allowance? Comments 0 comments Please sign in to leave a comment.
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