TaxTMI 
TaxTMI 
Arrear Received by pensioner
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....rrear Received by pensioner<br> Query (Issue) Started By: - Asish Kumar Nath Dated:- 18-3-2013 Last Reply Date:- 19-3-2013 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Expert, My father retired f....
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....rom 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 Septemb....
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....er 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 ....
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....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 in....
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....terest 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 & commu....
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....tation 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 a....
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....rrears).Hence include the pension arrears with actual pension & other income as specified by you & compute the tax. CA Padma Balakrishnan<br> Discussion Forum - Knowledge Sharing ....