Sir, I am Rahul a commerce student. I am more interested in the subject Income Tax. Kindly s about the salary received by a MP or MLA, Minister of state is taxable?
Yes, it is taxable. Salary received by a person as MP or MLA is taxable as “ Income from other sources”, but if a person received salary as Minister of State/ Central Government, the same shall be charged to tax under the head “Salaries”. Pension received by an assessee from his former employer is taxable as “Salaries” whereas pension received on his death by members of his family (Family Pension) is taxed as “Income from other sources”.
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