Pension:- It is a regular monthly amount paid by the employer to a former employee directly as a result of past employer - employee relationsip.
Taxability Since pension is received by the employee, ht esame is taxable under the head "Income From Salary"
Family Pension It is a regular monthly amount paid by the employer to a person belonging to the family of an employee in the event o his death.
Taxability Since the employee no longer receives the pension directly , chargeable under the head "Income From Other Sources"
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Tags :Taxation