is pension income taxed in salary income
By IndianMoney , 5 months ago
IndianMoney
5 months ago
??If the pension is received from a former employer, then it is taxed under salary income. Further, if the pension is commuted (lump sum payment) it is tax exempt and if it is uncommuted (periodic payments) it is fully taxable.
Trending Questions
Recent Questions
Related Questions
- What is meant by Income Tax ?
- Under how many heads the income of a taxpayer is classified?
- What is Gross total income?
- What is the Age for senior citizen and Super senior citizen????????
- What is a Direct Tax and Indirect Tax?
- Can I claim deduction for my personal and household expenditure while calculating my taxable income or profit? ?
