Pension contribution deduction for central government employees allows qualifying employee and employer contributions to reduce taxable income, with taxed receipts on closure. Individuals employed by the Central Government who pay into a Central Government notified pension scheme, and Central Government contributions to those accounts, are allowable deductions in computing total income subject to the salary linked limit in the section. Amounts for which deductions were allowed, together with accrued amounts, are taxable as income in the year received if received on closure or opting out of the scheme or as pension from an annuity purchased on such closure or opting out. Deductions under this section preclude a rebate under section 88. 'Salary' includes dearness allowance where terms of employment provide.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pension contribution deduction for central government employees allows qualifying employee and employer contributions to reduce taxable income, with taxed receipts on closure.
Individuals employed by the Central Government who pay into a Central Government notified pension scheme, and Central Government contributions to those accounts, are allowable deductions in computing total income subject to the salary linked limit in the section. Amounts for which deductions were allowed, together with accrued amounts, are taxable as income in the year received if received on closure or opting out of the scheme or as pension from an annuity purchased on such closure or opting out. Deductions under this section preclude a rebate under section 88. "Salary" includes dearness allowance where terms of employment provide.
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