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Why is your Income Tax Returns important for Accidental Death & Compensation?


Posted on September 30 2020

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How can your Accidental Death & Compensation Increase due to Income Tax Returns?

Accidental Death Compensation

(Income Tax Return Required)

Income Tax Returns have become very important even for Claiming Accidental Death compensation for family members of the deceased.

As per the Supreme Court
If a person is filing his Income Tax Returns for the last three years and has an accidental death, then the government is obliged to give ten times the average annual income of the last three years to that person's family.

Yes, you will be surprised by this, but this is right and it is Government rule.

For example, if someone's annual income is 4 lakh 5 lakhs and 6 lakhs in the first, second and third years respectively, its average income is ten times of five lakhs. Means fifty Lac rupees, family of that person is entitled to receive from the Government.

In the absence of much information, people do not take this claim with the Government.

If any return is missing, mainly last three years, this could lower the claim amount or even no claim because court takes ITR as only evidence.

NO wealth record, FD's; business etc; is given that much importance as compared to the ITR in the eyes of law.

Many a time, people do not file ITRs regularly or it will be taken lightly.

Do get your Income Tax File in order. God willing you will not need it for this purposes, however it becomes very important in case of any accidental death for your family and family’s financial security.

Source -
Section 166 of the Motor act, 1988 (Supreme Court Judgment under Civil/ Appeal No. 9858 of 2013, arising out of SLP (c) No. 1056 of 2008) Dt. 31 Oct. 2013.

Spread the word. Let someone's family benefit.


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