FLASH

WATCH THIS BLOG REGULARLY FOR LATEST NEWS ON ONE RANK ONE PENSION & OTHER SERVICE BENEFITS RELATING TO EX-SERVICE PENSIONERS,CENTRAL GOVT PENSIONERS,LIC/GIC PENSIONERS* A UNIQUE BLOG WITH MORE THAN 1 CRORE VIEWERS & 700 FOLLOWERS #

FLASH

  • FlashFLASH* NAVAL SAILORS WHO JOINED ON OR BEFORE 03/07/1976 & DISCHARGED ON COMPLETION OF THEIR TERM OF ENGAGEMENT AFTER 10 YEARS ARE ELIGIBLE FOR SPECIAL PENSION AS PER SC JUDGEMENT IN CIVIL APPEAL 2147/2011 New **** L*OROP CASE NEXT HEARING LIKELY ON 15/12/2017
  • New











    .
  • Monday, 9 July 2018

    BOTH SERVICE ELEMENT & DISABILITY ELEMENT ARE EXEMPTED FROM IT

    Instruction No 2/ 2001
    F.No. 200/51/99-ITA.I
    Govt of India Ministry of Finance
    Deptt of Revenue
    Central Board of Direct Taxes
    New Delhi, the 2ndJuly, 2001
    To: All Chief Commissioners of Income-Tax
           All Directors General of Income-Tax

    Subject: Exemption from Income Tax to disability pension, i.e., “disability element” and “service element” of a disabled officer of the Indian Armed Forces – Instructions regarding

    Sir,

    References have been received in the Board regarding exemption from Income Tax to disability pension, i.e., “disability element” and “service element” of a disabled officer of the Indian Armed Forces.2.It appears that field formations in certain cases are not uniformly allowing disability pension in spite of Board’s Instruction No 136 dated 14thJanuary 1970 (F No 34/3/68-II(AI) ).3.The matter has been re-examined in the Board and it has been decided to reiterate that the entire disability pension, i.e, disability element and service element of a disabled officer of the Indian Armed Forces continues to be exempt from Income Tax.4.This may be brought to the notice of all officers working under you.

    Yours faithfully
           Sd/-
    (B L Sahu)
    OSD (ITA-I)
     EXTRACT OF PAGE NO 35 FROM CGDA PENSIONERS GUIDE


    CLICK TO REFER CGDA PENSIONERS GUIDE 

    No comments:

    Post a Comment