Pension received by recipient of gallantry awards [Section 10(18)] –

Any income by way of pension received by an individual who has been awarded ―Param V ir Chakra‖ or ―Maha Vir Chakra‖ or ―Vir Chakra‖ or such other gallantry award as the Central Government may, by notification in the Official Gazette, specify in this behalf.

In case of the death of the awardee, any income by way of family pension received by any member of the family of the individual shall also be exempt under this clause. The expression “family” shall have the meaning assigned to it in the Explanation to clause (5) of the said section.