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Queries Participated

neeru sharma   20 July 2012 at 14:40

Income tax liabilities of employee's wife on amount recevied on death of her husband.

Income Tax Liabilities of employee's wife on amount recevied on death of her husband.

1) family pension 40000 per month
(2) Death gratutity of Rs. 4 lac
(3) Insurance Claim of Rs. 6 Lac
(4) GPF nomination Amount of Rs. 7 Lac
(5) Levencachment amount of Rs. 3.lac
(5) if any additional amount received from other Source like interest on deposit


I want to know that whether she is


(1) liable to file income tax return
(2) if yes what type of amount on which she is liable to pay income tax
(3) Income tax slabs
(4) is she liable to pay tax on amount received by her OR interest received on deposit / investment of such amount received from her husband's department