Tax exmption

Soumya S (Student) (44 Points)

08 January 2014  

Dear Members 

For a Tamilnadu State Goverment Employee , who retired in Jan 2013 . She has received an amount of 10 lakhs as commutation of pension . 

the Question here is some people say it is taxable . 

Some say it is not taxable as per Section 10(10 A) of Income Tax act . 

 

Kindly Clarify .