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TMI BlogArrear Received by pensionerX X X X Extracts X X X X X X X X Extracts X X X X ..... Arrear Received by pensioner X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Septem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ber 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nterest from S.B a/c will not be taxable. Please figure out how his taxable income can be relise? Reply By Padma Balakrishnan: The Reply: The pension arrears is taxable.The gratuity arrears & comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utation 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arrears).Hence include the pension arrears with actual pension & other income as specified by you & compute the tax.
CA Padma Balakrishnan X X X X Extracts X X X X X X X X Extracts X X X X
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