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What is Alimony?
Alimony (Maintenance) is a legal obligation on a person to
provide financial support to their spouse during or after
marital separation or divorce under divorce maintenance
rules in India.
Under the Hindu Marriage Act, 1955, both the husband and
wife can legally claim permanent alimony and
maintenance under divorce alimony rules.
Taxability of Alimony
Periodical payout: Alimony in the form of
monthly/quarterly payouts is treated as revenue receipt and
taxed in the hands of the receiver. Added to her total
income and taxed as per the tax bracket. No deductions are
available for the payer.
The law is equal for both and considers that the richer
spouse must support for the financially weaker spouse. It
ensures the livelihood and wellbeing of a couple under
divorce maintenance rules as per the divorce alimony
calculator in India.
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