The family of deceased employee is receiving a pension of ₹12,000 p.m. from the employer in financial year 2021-22. Compute the income to be chargeable in the hands of family member and also state under which head the in

CS Executive · Tax Laws · PYQS · June 2022
The family of deceased employee is receiving a pension of ₹12,000 p.m. from the employer in financial year 2021-22. Compute the income to be chargeable in the hands of family member and also state under which head the income is taxable for the Assessment Year 2022-23? (Assessee has not opted for section 115BAC).
(A) ₹1,44,000, Income from salary
(B) ₹1,29,000, Income from other sources
(C) ₹96,000, Income from other sources
(D) ₹94,000, Income from salary

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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