pension
This query is : Resolved
22 November 2010
is commuted family pension exempt from tax even in case of non govt. employee
is commuted family pension exempt from tax even in case of non govt. employee
23 November 2010
Commuted pension is exempt in the case of non govt employees, upto certain prescribed limits.
Commuted family pension is non taxable.
Commuted family pension is non taxable.
23 November 2010
Commuted pention is exempt in case of non govt. employees (i) If employee receives gratuity then the commuted value of 1/3rd of the pension which is normaly entitled to recive is exempt from tax .
(ii) where the employee does not receive gratuity then 1/2 of commuted value of pention is exempt.
(ii) where the employee does not receive gratuity then 1/2 of commuted value of pention is exempt.
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