How much tax I need to pay for pension? Is there TDS?
The income tax applicable on pension is as follows:
For any retired individual below the age of 60 and for HUFs
As per Section 192-1, TDS will be levied on all amounts paid out by the employer, including pension. However, any income paid out to the pensioner’s family members will not attract TDS since it will come under ‘income from other sources’.
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