No Income Tax on disability pension: Banknet India


HOME \| JOBS \| FREE NEWSLETTER \| DAILY NEWS \| BACK TO DISCUSSION FORUM

banking

finance

forex rates

technology

publications

Conferences

BPO

message

Name :	P Tewari
Subject:	No Income Tax on disability pension
Message :	RBI has issued instructions to all agency banks to strictly adhere to the provisions of para 88.3 of Defence Pension Payment Instructions 2005, regarding exemption of Income Tax of the disability pension of the pensioners of Armed Forces. Banks have been advised that Income Tax should not be deducted from the disability pension paid to the pensioners of the Armed Forces.