Enter Keyword and Search







Flash News : Non-Productivity Linked Bonus (Ad-hoc Bonus) to the CG Employees - Finmin Orders

Exemption of Pension/ Family Pension received with Gallantry Award

with 0 Comment
Exemption of Pension/ Family Pension received with Gallantry Award

Circular No.188
No. AT/Tech/228-VIII
Dated: 06.02.2017
Sub: Exemption of Pension/ Family Pension received with Gallantry Award.

This office is receiving representations from various agencies stating that PDAs are deducting the Income Tax on pension/family pension of the Defence Pensioners/Family Pensioners who have been granted with Gallantry Awards

2. The issue has been examined and it is found that Chapter-III of Income Tax Act-1961, which provides, vide section 10 (18) inserted by the Finance Act-1999 we. f. 01.04.2000 that incomes which do not form part of total income for the purpose of Income Tax includes the following

(i) pension received by an individual who has been in the service of the Central Government or State Government and has been awarded “Param Vir Chakra” or “Maha Vir Chakra” or “Vir Chakra” or such other gallantry award as the Central Government may, by notification in the Official Gazette, specify in this behalf:

(ii) family pension received by any member of the family of an individual referred to in sub-clause (i).

3. In view of the above all Pension Disbursing Authorities are advised to allow the benefit of exemption of Income Tax to the pensioners/family pensioners mentioned at 2(i) & (ii) above.

sd/-
(Dhananjay Singh)
Jt.CDA (P)


Related Posts...

0 comments:


Today's Recent Entries...

Disclaimer:As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post. All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog. Links to other websites that have been included on this blog are provided for public convenience only. 90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Recent Posts