GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Family pension received by a widow of a member of the armed forces where the death of the member has occurred in the course of the operational duties, is
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Totally chargeable to tax
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Exempt up to Rs.3,00,000
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Exempt up to Rs. 3,50,000
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Totally exempt under section 10(19)
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Explanation:
Detailed explanation-1: -Family pension received by family members of armed forces including para military forces are exempted under section 10(19) of IT Act 1961.
Detailed explanation-2: -35, 000/-(Rs. 50, 000-Rs. 15, 000). Family pension to the family of armed forces personnel including paramilitary forces is not taxable where the death of such person has occurred in the course of operational duties.
Detailed explanation-3: -Reply-Family Pension received by the family members of Armed Forces is fully exempt under section 10(19) of Income Tax Act. Commuted Pension received by an employee Central Government, State Government, Local Authority Employees and Statutory Corporation is also fully exempt u/s 10(10A)(i).
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