SEO Sai Gr. Hosp.
208015 Points
Joined July 2016
Commuted pension received by government employees is wholly exempt from tax.
In the case of commuted pension received by non-government employee, the maximum amount exempt from tax is restricted to the one-third of the total commuted pension, to which employee was entitled, where the employee also receives any gratuity.
Otherwise, the exemption is limited to commuted value of 50% of the pension to which employee is entitled.
Refer are-pensions-taxable
&/or tax-on-pension-income