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
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