View Full Version : basis of calculation of income tax on pension.

16-04-2014, 09:50 AM
Basic pension Rs 16950/- commuted Rs 6780/- and getting pension RS 10170/ + 90% DA ie Rs 25725/- (incuding medical) wef 1.1.14 .I have received all pension in April 2014.Please inform me the basis of calculation of I.Tax. Whether it is on 25725x4 ( for amount received in 4/14) +23725x 10 (up to 2/14) .other income deemed to be nil.
Rabin Dutta, Bankura