Upgrad LLM

govt. pension is taxable?????

LAW STUDENT

RESPECTED SIR,

                         IF A PERSON GET PENSION FROM GOVT.AUTHORITY HOW IT IS POSSIBLE TO DETUCT THE INCOME TAX ON THE PENSION AMOUNT OR INTEREST ON PENSION AMOUNT BY THE BANK .

 
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Adv P & H High Court Chandigarh

Pension is also an income and TDS is liable to be deducted thereon by disbursing authority as per IT Act provisions.
 
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RBI & ITD issued notification to the Banks who disbused Pension must deduct TDS on Pension as same rule of Regular Employe salary.Pension is covered as "Salary " income, you may produce proof of Investment u/s 80C,80D etc for tax Deduction

 
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