As explained by me in my answer Is Income Tax payable on Family Pension received by a widow, “family pension” is taxed under Section 56 as “Income from Other Sources”. This is different from the “Salary” head.
In view of the provisions of Section 57(iia) of the Income Tax Act, in respect of income due to “family pension”, a deduction of a sum equal to thirty-three and one-third per cent of such income (i.e., one-third of such income) or Rs. 15000, whichever is less, is allowed from such income.
This is separately available from a standard deduction from the “Salary” head.
Therefore, the answer to your question is “yes”. If a person is having “Salary” income as well as “family pension”, then he would be entitled to standard deduction permissible for the “Salary” income as well as a separate standard deduction permissible for the “family pension”, as mentioned above.
Dr. Ashok Dhamija is a New Delhi based Supreme Court Advocate and author of law books. Read more about him by clicking here. List of his Forum Replies. List of his other articles. List of his Quora Answers. List of his YouTube Videos.
.
