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Calculation of Deduction u/ 57

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(Querist)
15 October 2010 Mrs. X gets pension Rs. 20000 per month. For A.Y 2010-11

Pension Recd. (Rs. 20000*12 Months) 240000
Less : Deduction u/s 57
Least of the below:-
i)1/3 of the pension 80000
(1/3*240000)
ii)15000 15000 15000

Taxable Pension 225000

Is the above calculation correct as per sec. 57?
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CA. SUDHARSAN K G

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CA. SUDHARSAN K G (Expert)
17 October 2010 You are right mister

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