Income Tax Bill 2025: Full Tax Exemption on Commuted Pension for All Eligible Pensioners

Last updated: 14 August 2025

The Lok Sabha on Monday passed the Income Tax Bill 2025, marking a significant shift in the taxation of pension income in India. One of the most notable reforms is the full tax exemption on commuted pension received from approved pension funds - a move that brings long-awaited relief to government p

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