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Income Tax exemption on complete pension of disability pensioners

, by indianmilitaryveterans


Income Tax exemption on complete pension of disability pensioners
The entire pension, that is, service element (service pension) and disability element of disability pensioners is exempted from the purview of Income Tax. Disability Pension comprises of two elements, service element that is granted in terms of the length of service (subject to a minimum amount in cases where service rendered is less than pensionable service), and disability element which is granted in terms of the percentage of disability. There is no minimum qualifying service prescribed for service element or disability element, hence even if a person has a single day of service, he or she is entitled to disability pension. For individuals who have completed their minimum qualifying service for pension, their service pension becomes the service element for purposes of disability pension. Both elements are exempted
The Ministry of Finance, Department of Revenue vide Instruction No 2/2001 dated 02 July 2001 and Instruction No 136 dated 14 January 1970, both of which can be viewed and downloaded by clicking here.


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Latest News from Chairman / Vice Chairman IESM: ESM sitrep 13 July evening

, by indianmilitaryveterans

Latest News from Chairman / Vice Chairman IESM: ESM sitrep 13 July evening

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Latest News from Chairman / Vice Chairman IESM: Very Positive development:

, by indianmilitaryveterans

Latest News from Chairman / Vice Chairman IESM: Very Positive development:

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Delegation meets Antony on 'One-Rank-One-Pension'

, by indianmilitaryveterans



New Delhi: The issue of 'One-Rank, One-Pension' which is hanging fire for some time now was on Monday raised before Defence Minister AK Antony by a delegation of retired Army officers led by Congress MP Partap Singh Bajwa.

The delegation led by the Gurdaspur MP sought Antony's intervention in its early implementation and brought to his attention problems faced by military officers and jawans.

Justice was not being done for the gallantry and noble services rendered by them, Bajwa said in press release.

He said the Minister was apprised of the demand of the ex-Servicemen that there should be One-Rank One-Pension (OROP).


While urging the Minister to delink the civilian pay from that of the personnel of armed forces, Bajwa said, "Considering the disparity between duties of defence personnel with their civilian counterparts, due recognition and respect is not being given to them. The demand of one rank one pension is justified and long overdue. Even the standing committee on defence has recommended the inclusion of OROP."

Members of the delegation included Brig (Retd) K S Kahlon, Brig (Retd) MPS Bajwa, Col (Retd) Dharam Singh and Col (Retd) Ajay Opal, all of whom have been fighting for issues relating to welfare of defence personnel including voicing the demand for One Rank One Pension.
Delegation meets Antony on 'One-Rank-One-Pension'

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