Q.

Pension received by an employee of the central or state government who has been awarded “Param Vir Chakra” _____________

A. Is taxable as income from salary
B. Is exempt from tax
C. Is taxed after deducting Rs.15,000 or 1/3 whichever is lower
D. Is taxable as income from other sources
Answer» B. Is exempt from tax
875
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