Pension taxation in India varies significantly depending on how retirement income is received, and incorrect classification can lead to higher tax outgo and scrutiny. In an article published by moneycontrol.com, our Partner (Head – Taxation) S R Patnaik highlights that pensions taxed as salary are eligible for standard deductions under both tax regimes, and that relief is available on lump sum commuted pension receipts to prevent higher tax liability. (Photo Credit: Moneycontrol)
