Vidhu Duggal & Co....

Pension is considered as Salary income & taxed at slab rates

Pension is considered as Salary income & taxed at slab rates

12 Apr, 2024

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

Let's Talk

Free Consultation

Related Post

Post Img

When is TDS to be deducted from house rent payments to the landlord?

Post Img

Budget 2025 series โ€“ Post 2

Post Img

How a business owner can save taxes up to 30% ๐Ÿ’ผ๐Ÿ“Š

Post Img

DPT-3 Filing Deadline Alert: Mandatory Compliance by 30th June 2025

Post Img

IT Returns 2024: New Income Tax rules introduced in 2023 that would affect you in 2024.

Featured Post

Post Img

Time for your books to hit the finance clinic! ๐Ÿฉบ๐Ÿ’ฐ Here's how to give them a thorough checkup!

Post Img

Top Sectors for India-UAE Business Collaboration

Post Img

Proposed Amendments in Finance Bill, 2020 applicable on Charitable Organizations

Post Img

Raising Capital from a Foreign Company? Here's What Indian Businesses Must Know

Post Img

The VAT Survival Kit: What You Need for UAE Registration

Contact us

Get In Touch With Us