is cummutation deduction amount taxable for a
pensioner
Do you mean tax-ability of pension received in lump sum ....
i.e. Commuted pension received by government employees is wholly exempt from tax.
In the case of commuted pension received by non-government employee, the maximum amount exempt from tax is restricted to the one-third of the total commuted pension, to which employee was entitled, where the employee also receives any gratuity. Otherwise, the exemption is limited to commuted value of ½ of the pension to which employee is entitled.
CAclubindia
