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Arrear commuted pension & leave encashment received

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(Querist)
28 July 2016 what will be the tax treatment of commuted pension & leave encashment received in arrears after retirement for the F.Y 15-16 for a bank employee under which section
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 July 2016 commuted value of pension is exempt, so also leave encashment

please go through the following link for sections 10(10A) and 10(10AA) respectively

https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
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