Rohan retires from private service on 30th April, 2014 and his pension has been fixed at ₹1,500 p.m. He gets 1/2 of his pension commuted during January, 2015 and receives ₹75,000. He also gets ₹60,000 as gratuity. The to

CS Executive · Tax Laws and Practice · PYQS · December 2015
Rohan retires from private service on 30th April, 2014 and his pension has been fixed at ₹1,500 p.m. He gets 1/2 of his pension commuted during January, 2015 and receives ₹75,000. He also gets ₹60,000 as gratuity. The total pension taxable including commuted value will be
(A) ₹16,500
(B) ₹41,500
(C) ₹39,250
(D) ₹14,250.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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