14 July 2012
Tax treatment( if Govt. School Retired Employee) Uncommuted Pension :- Taxable Commuted Pension:- ( Fully Exempt) Tax Treatment( If non Govt. School Retired Employee) Uncommuted Pension :- Taxable Commuted Pension:- ( Taxable) If Gratuity is received
One-third of the pension, which he is normally entitled to receive, is exempt.
If Gratuity is not received
One-half of the pension which he is normally entitled to receive is exempt.
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