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pension
what is the tax liability of person who receives pension after retirement
Replies (4)
If received on monthly basis then fully taxable.
1) As per sec 10(10A)) pension received by commuting is partially exempted as per the provisions of this section .
2) pension received on regularly without commuting is fully taxable .
2) pension received on regularly without commuting is fully taxable .
Yes if you received lumpsum at the tym of retiremnet then same is exempted
if provision for income tax in case of companies has become lower than the current tax that is tax. and the balance sheet has been filed....then what will be the accounting entry in next financial year
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