Family Pension Taxable as “Other Income”, TDS u/s 192 of Income Tax Act Not Applicable: CBDT Clarifies

By Rasheela Basheer - On December 8, 2022 4:59 pm - 2 mins read
Family Pension - Taxable - Family Pension Taxable - Other Income - Income - TDS - Income Tax Act - Income Tax - Tax - CBDT - CBDT Clarifies - Taxscan

In a circular clarifying the rates and other important issues in connection with the Tax Deduction at Source (TDS) on salaries, the Central Board of Direct Taxes ( CBDT ) has clarified that TDS need not be deducted on receipt of family pension by a person as the same is taxable as “income from other…

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