mamta kumbhat (1993) (51 Points)
07 July 2018I HAVE RECEIVED PENSION AMOUNT IN APRIL 2017 FROM EPS UNDER EPFO ON MY RESIGNATION AFTER COMPLETING 7 YEARS IN THE JOB.I WOULD LIKE TO KNOW THE TAX TREATMENT
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 07 July 2018
Uncommuted pension: Fully taxable
Commuted pension: 1/3 of the total pension is exempt.(If he also receives gratuity) or 1/2 of total pension is exempt (If he doesnt receive any gratuity)
mamta kumbhat
(1993)
(51 Points)
Replied 07 July 2018
Received a lumpsum amount from epfo without gratuity hence half taxable. I hope it is right
mamta kumbhat
(1993)
(51 Points)
Replied 07 July 2018
Received a lumpsum amount from epfo without gratuity hence half taxable. I hope it is right
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 07 July 2018
CAclubindia
