Arrear commuted pension & leave encashment received
This query is : Resolved
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
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
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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