What is the position of Family pension from PF office on retirerment. ?

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  1. K H Mahajan

    K H Mahajan New Member

    What amount is exempt in case of above family pension.
     
  2. Raunak Gupta

    Raunak Gupta New Member

    In the case of Family Pension the following provisions are applicable:-
    An amount of Rs.15,000 or 33&1/3% of family pension whichever is less is allowed as deduction.

    If an assessee receives arrears of family pension, then Relief u/s.89(1) can be claimed by him.

    Family Pension received by the widow or children or nominated heirs, as the case may be, of a deceased member of the armed forces(including para-military forces) of the union, where the death of such member has occurred in the course of operation, is exempt.

    If you need any further explanation, then please do inform.
     
  3. K H Mahajan

    K H Mahajan New Member

    Under which head --- Income from salary or under income from other source.
     
  4. Raunak Gupta

    Raunak Gupta New Member

    Hi,

    It is taxable u/h Income from other sources
     
  5. K H Mahajan

    K H Mahajan New Member

    Thanks a lot. K H Mahajan
     
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