Employee's pension scheme

Bhalnish Desai (Querist) 03 April 2013 This query is : Resolved
Is Pension received under Employee's Pension Scheme (EPS) considered as taxable income or is an exempt income.

Please guide

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prabhakar singh (Expert) 03 April 2013
Pension is considered as taxable income ,I think.

Adv k . mahesh (Expert) 03 April 2013
pension is taxable but if your age comes under senior citizen then you have more limit then individual

Bhalnish Desai (Querist) 03 April 2013
Thank you very much for the advise.

With warm Regards

prabhakar singh (Expert) 03 April 2013
most welcome you are!

Sudhir Kumar, Advocate (Expert) 03 April 2013
nothing more to add

Adv k . mahesh (Expert) 03 April 2013
most welcome

Raj Kumar Makkad (Expert) 04 April 2013
Pension received under EPS is duly taxable.

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