What amount of family pension is taxable under Income from other sources? Skorydov Tax Team Updated July 10, 2016 20:19 Follow You can complete filing your Income-tax return in just 15 minutes using the website or the mobile app: Click to Start on myITreturn.com Download App and complete your return Family pension is taxable after allowing a deduction of 33.33% or Rs 15,000, whichever is lower. Not filed yet? File your Income-tax return with myITreturn.com 3 reasons to file with myITreturn: Registered with the Income-tax Department Accurate and Simple Over 20 lakh users Start your tax return or if you have a simple tax return, you can download our mobile app and file your Income-tax return Download app Related articles Is family pension received is taxable? What is family pension? How to add losses? What is Business of owning and maintaining race horses? How to add casual income? Comments 0 comments Please sign in to leave a comment.