Capitalised value of pension for excempt from tax
This query is : Resolved
22 May 2011
Good evening Sir, i have one doubt that is my uncle retire in indian army, he is get retirement benefit for Capitalised value of pension Rs.300000 and Graduity Rs.128702. he is claim for excempt from tax.
23 May 2011
Whether retirement gratuity/death gratuity, commuted value of pension is taxable ?
Retirement/death gratuity and the lump sum amount received on account of commutation of pension is not taxable under Income Tax Act.
https://pensionersportal.gov.in/FAQ-pension.asp#a15
Retirement/death gratuity and the lump sum amount received on account of commutation of pension is not taxable under Income Tax Act.
https://pensionersportal.gov.in/FAQ-pension.asp#a15
23 May 2011
Pension & Gratuity received at the time of Retirement/Death in case of Govt Employees is 100% exempt from Income Tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Computation of Dividend
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- ITC BENEFIT ON BROKRAGE PAID
- Sale of Mutual Funds In Diffirent Financial Years
- DUE DATE FOR ITR FILING
- U/S 194 T
- 44AD, 44ADA business details
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
