Tag Archives: Pension Income

When Pension Income is not Taxable under Income Tax Act ?

By | December 4, 2017

When Pension Income is not Taxable under Income Tax Act ? In following cases Pension income is exempt : 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… Read More »