Family pension means a regular monthly income paid by the employer to a family member of an employee in the event of his/her death. Family pension is taxable after allowing a deduction of 33.33% or Rs. 15000, whichever is less. Family pension to the family of armed forces personnel including para military forces is not taxable where the death of such person has occurred in the course of operational duties.
Family Pension, income from family pension, income tax return Here we explained about the family pension with the complete description and the eligibility to claim this according to the income tax department.
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