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Arrear Received by pensioner - Income Tax

#1 Issue Id: - 5430
Dated: 18-3-2013
By:- Asish Kumar Nath
Arrear Received by pensioner

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Dear Expert,

My father retired from BSNL on 01.04.2007.  on September-2012 he received pension arrears,  gratuity arrears and pension commutation arrears which is cumulatively Rs.4 lacs. and his pension is also increased. From September bank has deducted TDS from his monthly pension.  Is this type of arrear is taxable?

He has a MIS in post office and a few Fixed deposit with bank. If the arrears is not table then is total salary will be  ( Total pension for the year + Interest from MIS for the year + Interest from F.D for the year). He has purchase a NSC worth Rs.1 lack in this financial year and as per new income tax rules interest from S.B a/c will not be taxable.

Please figure out how his taxable income can be relise?


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#2 Dated: 19-3-2013
By:- Padma Balakrishnan

The pension arrears is taxable.The gratuity arrears & commutation arrears are taxable if they exceed the amount as per rules.As your father was in BSNL I think the gratuity & commutation arrears would be within limits (i presume he has got VI Pay Commission arrears).Hence include the pension arrears with actual pension & other income as specified by you & compute the tax.

CA Padma Balakrishnan


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