Yes, family pension received by the legal heirs of a deceased employee from his employer shall be treated as income chargeable under Income From Other Sources.Although an amount of Rs 15000 or 33 1/3 % of pension received whichever is lower is allowed as deduction.
Family Pension, Tax filing, Income tax return Clarified that the family pension received by legal heirs is chargeable under Income From Other Source.
Comments
0 comments
Please sign in to leave a comment.