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Exemption

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Exemption of income from tax are primarily provided under section 10 of the Income Tax Act and other provisions like section 54, section 54EC & section 54F

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It is well known that pensions are taxable as salary and whereas a family pension given to dependent family members after the death of an employee is taxable as income from another source under the Income Tax Act. However, in certain special circumstances, a pension is tax-free under the income tax act. In some cases, such exceptional circumstances that make a pension tax free are provided under section

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