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  • Saturday, 17 December 2016

    EXEMPTION OF INCOME TAX FOR DISABLED VETERANS


    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)

    6 comments:

    1. Dear sir, I retired from Air Force after serving 29 years in X Group My pension was Rs.10506 W.E.F.1-1-2006 It revised to 13105 from 1-7-2009.Will I get any arrears or not.Thanking you.

      ReplyDelete
    2. DL 33 years arrear not received from canara bank

      ReplyDelete
    3. iam a retd po from Indian navy on 31st jan 2002 i have not received my dl 33 arrears till date my bank is INDIAN BANK .but all my ex-service friends received their dl 33 arrears.

      ReplyDelete
    4. I am getting disability pension and I show this letter to my bank UCO , further bank enquire fm CDA and reply that only disability element is exempted fm tax not svc element, can u advise me what to do. I also talk to CDA replied the same and also said that we except only circular.

      ReplyDelete
      Replies
      1. you can submit the copy of CBDT circular it is available on net.

        or you could take refund when you submit the IT Return

        Delete