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Page A-738
Tax on Pension Received by Family Member
For example – If the pension is Rs 100,000, the exemption available lower of Rs 15,000 and Rs 33,333 (1/3rd of Rs 1,00,000).
Page A-684
What if You Receive a Pension as a Family Member?
For example, if a family member receives a pension of ₹1.2 lakh in a financial year, the exemption available will be the lower of the two (₹15,000 or 1/3 of 1,20,000 = ₹40,000). Hence, the exemption is ₹25,000, and your taxable income will be ₹95,000.