No standard deduction on family pension
Whether Rs 40,000 allowed as standard deduction for employees and pensioners also applicable for family pensioners?
A deduction of Rs 40,000 would be allowable against the income which is taxable under the head “Salaries”. The family pension is normally received after the death of an employee. Deduction of Rs 40,000 would not be allowable in respect of family pension of such a nature as such income is taxable under the head “Income from other sources”
Govt clarify standard deduction to pension received from former employer : Press Release 05.04.2018
Budget 2018: Reintroduce standard deduction for salaried assessees : ICAI Pre-Budget Memorandum–2018
Income Tax Deductions AY 2019-20 (FY 2018-19)
Family pension to divorced daughters
When Pension Income is not Taxable under Income Tax Act ?