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Comutation of pension
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.
Replies (3)
Quick Summary
Fully Taxable
Yes rightly said
its fully taxable under the head salary.
only that monthly pension which is received during the year.
its fully taxable under the head salary.
only that monthly pension which is received during the year.
No exemption it is fully Taxable under salary
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