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Pension

1 reply, 2 voices Last updated by Aarav Patel 5 months, 1 week ago
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  • #8745

    Bhakti manohar
    Participant
    @bh@kti123

    Pension received from employee provident fund organization under Employee Pension scheme 1995 (EPS 95) scheme is taxable under which head?

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    #8754

    Aarav Patel
    Participant
    @Aaravpatel

    Income is chargeable to tax under the head “salaries” if an employer-employee relationship exists. However, in case of pension is received from employee’s provident fund organization there does not exist employer-employee relationship. Therefore, such a pension is taxable under the head “Income from other sources”.

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