TaxTMI 
TaxTMI 
TAXABILITY OF PENSION OF AN GOVERNMENT EMPLOYEE
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....AXABILITY OF PENSION OF AN GOVERNMENT EMPLOYEE<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 16-5-2018 Last Reply Date:- 7-9-2018 Income Tax<br>Got 3 Replies<br>Income Tax<br>1. Under Which head....
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.... 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 s....
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....alary/pension of Government employee is taxable, whether for April to March or March to Feb Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: 1. This question is not correctly framed. 2. Yes. there is....
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.... 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. Reply By S.C. WADHWA: The Reply: Sir, Thanks for reply I....
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.... 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....
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..... Whether medical allowance will be exempted upto ₹ 15000/- upon submission of medical bills. Please reconfirm. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Reimbursement of medical allowanc....
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....e is allowed up to the limit prescribed i.e., ₹ 15000/- per year. It will not form part of pension.<br> Discussion Forum - Knowledge Sharing ....