Family pension received by the legal heirs of a deceased employee is taxable under 'Income from Other Sources'. A standard deduction of one-third of the pension amount or ₹15,000, whichever is less, is allowed from the family pension received.
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Family pension received by the legal heirs of a deceased employee is taxable under 'Income from Other Sources'. A standard deduction of one-third of the pension amount or ₹15,000, whichever is less, is allowed from the family pension received.