salaries
This query is : Resolved
27 February 2017
commuted pension
27 February 2017
How much of Commuted Pension is exempt?
A) Government Employees : Wholly exempt.
B) Non-Govt. Employees :
i) Where the employee receives gratuity, amount not exceeding the commuted value to the extent of 1/3rd of the pension is exempt.
ii) In other cases : the commuted value of ½ of pension is exempt.
A) Government Employees : Wholly exempt.
B) Non-Govt. Employees :
i) Where the employee receives gratuity, amount not exceeding the commuted value to the extent of 1/3rd of the pension is exempt.
ii) In other cases : the commuted value of ½ of pension is exempt.
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