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Pension is considered as Salary income & taxed at slab rates
Pension is considered as Salary income & taxed at slab rates

12 Apr, 2024

By Vidhu

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Pension is considered as Salary income & taxed at slab rates

๐ŸŒ๐Ÿ’ผ๐‘ป๐’‚๐’™ ๐’•๐’“๐’†๐’‚๐’•๐’Ž๐’†๐’๐’•๐’” ๐’๐’‡ ๐’…๐’Š๐’‡๐’‡๐’†๐’“๐’†๐’๐’• ๐’•๐’š๐’‘๐’†๐’” ๐’๐’‡ ๐‘ท๐’†๐’๐’”๐’Š๐’๐’ ๐’Š๐’๐’„๐’๐’Ž๐’†๐ŸŒ๐Ÿ’ผ

โžก๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง -  It is taxable in the the hands of the receiver under the head โ€˜Salaryโ€™.

โžก๐…๐š๐ฆ๐ข๐ฅ๐ฒ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง - It is taxable in the the hands of the legal heir of the deceased person under the head โ€˜Income from other sourcesโ€™.

โžก๐๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐’๐ž๐œ๐ญ๐จ๐ซ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง - It is taxable in the the hands of the receiver under the head โ€˜Salaryโ€™.

๐‘ท๐’๐’Š๐’๐’•๐’” ๐’•๐’ ๐’๐’๐’•๐’†:

1) ๐”๐ง๐œ๐จ๐ฆ๐ฆ๐ฎ๐ญ๐ž๐ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง - Fully taxable as Salary

2) ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ญ๐ž๐ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง - Exempt in the hands of Government employee.

๐ŸŒ๐’˜๐’˜๐’˜.๐’—๐’Š๐’…๐’‰๐’–๐’…๐’–๐’ˆ๐’ˆ๐’‚๐’๐’‚๐’๐’…๐’„๐’.๐’„๐’๐’Ž

๐Ÿ’ผ๐‘ฝ๐’Š๐’…๐’‰๐’– ๐‘ซ๐’–๐’ˆ๐’ˆ๐’‚๐’ & ๐‘ช๐’๐’Ž๐’‘๐’‚๐’๐’š

๐Ÿ“ง ๐’—๐’Š๐’…๐’‰๐’–@๐’—๐’Š๐’…๐’‰๐’–๐’…๐’–๐’ˆ๐’ˆ๐’‚๐’๐’‚๐’๐’…๐’„๐’.๐’„๐’๐’Ž

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