Taxability of commuted pension
Mahesh Chandra Mohapatra (189 Points)
16 February 2020
Is commuted pension taxable. I retired as govt. employee.
3 Replies
Swapan Kumar Giri
(68 Points)
Replied 16 February 2020
Monthly Pension is fully taxable, while the commutated value of pension received in one lump sum is not.
Refer sec 10.
Refer sec 10.
rama krishnan
(12244 Points)
Replied 17 February 2020
Commuted pension received by government employees is exempted
Recent Topics
- Interest earned on deposits placed with corporates
- Pension Misclassification and Correction in ITR
- Failed to File SPL-02 before June 30th
- AIS Utility
- Fees receipts for Technical services ..income
- INTEREST WILL PAID
- GSTR-2A Shows 3B not filed but actually files
- Private Limited Company Strike Off (No Business in
- GST on forfeiture of Security Deposit
- Form16 shows investments as done - But I will go b
Related Threads
Trending Online Classes
CAclubindia
