Family pension (my mother is receiving pension after my father's death)

Will it be taxable?

Is she required to file a return?

1.Yes, it is taxable under the head income from other sources subject to some exemption.

Pension received by a family member though is taxed under income from other sources in their Income Tax Return.

If this pension is commuted or is a lump sum payment it is not taxable.

Uncommuted pension received by a family member is exempt to a certain extent. Rs 15,000 or 1/3^rd of the uncommuted pension received -whichever is less is exempt from tax.

 Pension received by family members of Armed Forces is also exempt.

2. If the total income exceeds the maximum exemption limit then she is required to file IT return.

The maximum exemption limit for an individual is Rs.250000. However, for senior citizen of age 60 years or more but less than 80 years is Rs.300000 and for 80 years or above it is Rs.500000.

Follow our blog to know more: https://cleartax.in/s/are-pensions-taxable