Pension and family pension of notified gallantry award winners is :

CS Executive · Tax Laws · PYQS · June 2024
Pension and family pension of notified gallantry award winners is :
(A) Exempted up to ₹ 15,000
(B) Exempted up to 1/3rd of the amount received
(C) Fully taxable
(D) Fully Exempted.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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