Tag Archives: TDS on Pension

Does the bank deduct TDS on Pension Payments

By | February 23, 2023
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Does the bank deduct TDS on pension payments Most of the pensioner ask this question does the bank deduct TDS on Pension Payments ? Answer is Yes, banks in India are required to deduct TDS (Tax Deducted at Source) on pension payments made to individuals, including pensioners. The TDS rates applicable to pension payments depend… Read More »

TDS on Income from Pension

By | December 15, 2015
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TDS on Income from Pension In the case of pensioners who receive their pension (not being family pension paid to a spouse) from a nationalized bank, the instructions contained in this circular shall apply in the same manner as they apply tosalary-income. The deductions from the amount of pension under section 80C on account of… Read More »