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Comutation of pension

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670 Points Posted on 20 June 2021
my client bank employee wants not to avail comutation and want to get pension. is he entitled any exemption from pension 1/3 of the commuted value of pension.
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On 20 June 2021 at 10:49 Report
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52 Points Posted on 20 June 2021
Fully Taxable
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On 20 June 2021 at 12:11
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tax consultant
3306 Points Posted on 20 June 2021
Yes rightly said
its fully taxable under the head salary.
only that monthly pension which is received during the year.
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On 20 June 2021 at 13:16
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Chartered Accountant
24588 Points Posted on 20 June 2021
No exemption it is fully Taxable under salary
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On 20 June 2021 at 13:46


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