Example:-X retires from B Ltd. on 31st July, 2014. He gets pension of 1,000 per month up to 31st December, 2014. W.e.f 1st January, 2015 he gets 60% of pension commuted for 1,70,000. Does it make any difference if he also receives gratuity of 3,000 at the time of retirement?

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..... difference if he also receives gratuity of 3,000 at the time of retirement?
Salary - Pension - [Sec. 10(10A)] Income Tax – Salary
Income Tax
Manuals
Dated:- 10-8-2015
Chapter No. 04 - S .....

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..... ) ₹ 1,200 Total uncommuted pension chargeable to tax as salary ₹ 6,200 COMMUTED PENSION Commuted value of 60% ₹ 1,70,000 Commuted value of full pension (100/60 x 1,70,000) ₹ .....

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