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Commuted pension Govt Employee
Is commuted pension received by a employee of government company is fully exempt?
Replies (3)
Quick Summary
Yes it is exempt
Company is a state government company incorporated under companies act. whether clause(I) or (ii) of sec. 10(10A) is applicable.
Government company employee is not a government employee ,so full exemption cannot be claimed, however part exemption is available under section 10(10A)
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