Exemption
What Are The Types Of Pension Exempt From Tax?
It is well known that pensions are taxable as salary and whereas a family pension given to dependent family members after the…
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Salary
Taxation on salary income is done under section 15 to 21 of the Income Tax Act. There are clear provision related to perquisites , tax free allowance , relief on arrears salary , and how the retirement benefits are taxed.
