An employee of a company, who was entitled for a gratuity of ₹8,00,000, also received ₹12,00,000 by commuting 40% of his pension. The taxable amount of commuted pension is —
CS Executive · Tax Laws and Practice · PYQS · June 2016
An employee of a company, who was entitled for a gratuity of ₹8,00,000, also received ₹12,00,000 by commuting 40% of his pension. The taxable amount of commuted pension is —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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