EXEMPTION OF MILITARY SERVICE PAY (MSP) UNDER INCOME TAX

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  1. Dinesh Kumar

    Dinesh Kumar Member

    IS MSP WHICH IS PRESENTLY PAID TO DEFENCE PERSONNEL IS EXEMPTED UNDER INCOME TAX AND IF YES THAN UNDER WHICH SECTION. FURTHER THE SUBMARINE PAY DRAWN BY INDIAN NAVY PERSONNEL IS EXEMPTED UNDER INCOME TAX OR NOT?
     
  2. Prabal

    Prabal New Member

    No : any salary is taxable for all employees inlcd Govt employees : even pension for retired army officers is taxable
     
    Neha Sharma likes this.
  3. Prabal

    Prabal New Member

    No : any salary is taxable for all employees inlcd Govt employees : even pension for retired army officers is taxable
     
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