Pension received from EPFO (Employee’s Provident Fund Organization) under EPS-95 scheme is taxable or not.
If Yes, then Pension (EPS-95) is taxable under which head of income (“Income from salary” or “Income from other sources”.)
Monthly Pension received under EPS-95 is taxable.
Please note that this pension is chargeable to tax under the head “Salaries” if employer-employee relationship exists.
However in case pension if received from EPFO (employees provident fund organization) and there does not exist employer- employee relationship. Therefore such pension is taxable under the head “Income from other sources”