Which of the Following Sources Has the Highest Tax Validity

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If monthly pension is received by a family member of the deceased employee then it is treated as income from other sources 13rd of such pension is tax-free subject to a maximum of Rs 15000 per annum and the remaining if any is taxable as income from other sources. Formal sources These are the sources from which the law derives its force and validity.


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Separately the employee may also contribute from hisher own funds to the LICany other.

. Of course the only authority from which laws c spring and derive force and validity is State. Material sources Material sources of law refer to the various processes which result in the evolution of the materials which are the constituents of law.


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