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Example -X retires from B Ltd. on 31st July 2014. He gets pension of ₹ 1000 per month up to 31st December 2014. W.e.f 1st January 2015 he gets 60 of pension commuted for ₹ 170000. Does it make any difference if he also receives gratuity of ₹ 3000 at the time of retirement?

Dated:- 10-8-2015 - Chapter No. 04 - Salary - Pension - [Sec. 10(10A)] . In case of a non-government employee while uncommuted pension is fully chargeable to tax, commuted pension is partly chargeable to tax and partly exempt from tax. Amount of taxable pension will be computed as under: UNCOMMUTED PENSION From 31st July 2014 to 31st December 2014 (1,000 x 5) ₹ 5,000 From 1st January 2015 to 31st March 2015 (1,000 x .4 x 3) ₹ 1,200 Total uncommuted pension chargeable to tax as salary .....

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