Sunday, August 2, 2009

Tax Time for Gallantry Awardees by maj Navdeep

Wednesday, July 29, 2009

(1) It’s tax time : Gallantry Awardees and Disability Pensioners should RELAX (2) GoI clarifies NPA not to be added into min of pay band for pension
It’s that time of the year again – time to pay income tax. But as mentioned earlier on this blog, gallantry awardees and disabled retirees are exempted from Income Tax on the entire pension. It would be worthwhile for such retirees to go through this earlier post for complete understanding of the requisite law and for downloading the requisite notifications if required.

Secondly, there was a controversy whether the NPA is to be added as an element in the minimum of the new pay bands for computing the new pension of pre-06 AMC retirees. The govt has clarified that NPA is not to be added into the pay band for computing pension of pre-06 AMC retirees as well as civil doctors. The directions of the govt are based on the 2006 decision of the Hon’ble Supreme Court in Col B J Akkara (Retd) Vs UOI. The clarification of the govt can be accessed by clicking here.

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