Taxability of commuted pension

Is commuted pension taxable. I retired as govt. employee.
Replies (3)
Quick Summary
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.

Monthly Pension is fully taxable, while the commutated value of pension received in one lump sum is not.
Refer sec 10.
Uncommuted pension is taxable.
Commuted pension received by government employees is exempted

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