Taxability of commuted pension

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189 Points Posted on 16 February 2020
Is commuted pension taxable. I retired as govt. employee.
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On 16 February 2020 at 14:18 Report
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For government employees, the monthly pension received is subject to tax. However, the commuted value of pension, received as a lump sum, is generally exempt from tax under Section 10. This means while your regular pension payments are taxable, the one-off commuted amount is not.

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68 Points Posted on 16 February 2020
Monthly Pension is fully taxable, while the commutated value of pension received in one lump sum is not.
Refer sec 10.
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On 16 February 2020 at 22:42
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28271 Points Posted on 16 February 2020
Uncommuted pension is taxable.
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On 16 February 2020 at 23:22
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12244 Points Posted on 17 February 2020
Commuted pension received by government employees is exempted
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On 17 February 2020 at 00:00

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