Pension Vs. Family Pension

    Pension:- It is a regular monthly amount paid by the employer to a  former employee directly as a result of past employer - employee relationsip.

 Taxability Since pension is received by the employee, ht esame is taxable under the head "Income From Salary"

 Family Pension  It is a regular monthly amount paid by the employer to a person belonging to the family of an employee in the event o his death.

 Taxability Since the employee no longer receives  the pension directly , chargeable under the head "Income From Other Sources"

 

Published in Taxation
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