PLEASE GUIDE ABOUT PENSION RECEIVED FROM MILITARY (Army) IS TAXABLE OR TAX FREE.
Reply—Family Pension received by the family members of Armed Forces is fully exempt under section 10(19) of Income Tax Act.
Commuted Pension received by an employee Central Government, State Government, Local Authority Employees and Statutory Corporation is also fully exempt u/s 10(10A)(i). Other monthly pension is taxable.
Posted Date: Nov 04, 2020