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TAXABILITY OF PENSION OF AN GOVERNMENT EMPLOYEE, Income Tax

Issue Id: - 113743
Dated: 16-5-2018
By:- S.C. WADHWA
TAXABILITY OF PENSION OF AN GOVERNMENT EMPLOYEE

  • Contents

1. Under Which head 7th pay commission is taxable

2. Whether pension have breakup as salary into Basic, DA, Medical Allowance

3. If yes, how it is taxable, whether medical will be exempted upto ₹ 15000

4. How salary/pension of Government employee is taxable, whether for April to March or March to Feb

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Showing Replies 1 to 2 of 2 Records

1 Dated: 16-5-2018
By:- DR.MARIAPPAN GOVINDARAJAN

1. This question is not correctly framed.

2. Yes. there is break of up basic pay, DA, medical allowance etc.,

3. Yes, admissible as per the latest provisions of income tax act.

4. April to March.


2 Dated: 17-5-2018
By:- S.C. WADHWA

Sir,

Thanks for reply

I am correcting my first question under which head arrears as per 7th pay commission is taxable.

I want to reconfirm that You have confirmed that Pension has also breakup into Basic, Medical Allowance. Whether medical allowance will be exempted upto ₹ 15000/- upon submission of medical bills. Please reconfirm.


1

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