alleryStart learning →The family pension deduction is one-third of the pension or a fixed sum, whichever is?
AThe higher of the two
BTheir simple average
CChosen by the assessee
DThe lower of the two
Answer & Solution
Correct answer: D. The lower of the two
Section 57(iia) allows one-third of the income or the fixed sum, whichever is less.
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