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Ramarao

Category : Taxabili..,
Solved
August 27, 2018 9:16 pm
My mother is getting Family Pension from two govt Sources
1) From Armed Forces Family Pension
2)From Railways family pension

My questions are
1) Is Armed Forces Family Pension exempted from Tax
2) If not then Rs 15,000 exemption is to be taken for both Family Pension ( Armed Forces & Railways ) totalling...
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Amlan Dutta
1.) Exempt only if the personnel serving in the armed force deceased during the course of duty else it is taxable as per provisions

Basically, Section 10(19) of the Income Tax Act provides that amount of pension received by the family members of armed forces personnel including Para-,military perso...
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  • August 28, 2018
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A RAVI

Category : Taxabili..,
Solved
July 28, 2018 3:25 pm
Namaste Sir Ji,

Could you please tell me regarding ITR for family pension. My father expired 4 years ago and My mother is getting a pension of 21200/ month.

Is this an exempt from tax?? At the same time, We have a commercial Vehicle from which we get an 60000/month in mothers account.

We use to give...
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Amlan Dutta
1.) Family pension is not exempt income and it's treatment is specified under section 57, Basically, family pension is offered as income from other sources
You can calculate using net family pension credited to your mother's account ..
While offering family pension for income , don't forget to take ...
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  • November 27, 2018
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A RAVI

Category : Taxabili..,
Unsolved
July 25, 2018 12:15 pm
Namaste Sir Ji,

Could you please tell me regarding ITR for family pension. My father expired 4 years ago and My mother is getting a pension of 21200/ month.

Is this an exempt from tax?? At the same time, We have a commercial Vehicle from which we get an 60000/month in mothers account.

We use t...
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BIBEK

Category : Taxabili..,
Solved
July 14, 2018 3:32 pm
In ITR2, in the "Other Sources" schedule, where to put the value(amount) of family pension? I mean in which line?
Also, where should I make the entry of 15000 std. deduction (or 1/3rd, whichever is less) for family pension in ITR2?
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Amlan Dutta
I agree with Ayush's view ...you will show family pension under income from other sources considering standard deduction and this standard deduction has to be reported under exempt income reporting section
  • July 14, 2018
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BIBEK
In which line of "other sources" in ITR2 the family pension should be mentioned?
Should I mention the adjusted value after subtracting std. deduction from the family pension?
  • July 14, 2018
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