16 February 2011
Salaried retired employee from college which is run by Trust, which is government aided. Whether Comutation of pention received from the employee taxable. As the he received the commuted pention from government aided college.
16 February 2011
I think this is not a case of Govt. Employee because he is not under direct payroll of govt. therefore, commuted pension will be taxable upto certain amount/percentage and uncommuted pension is taxable for each and every employee.
CAclubindia
