LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Income tax exemption

(Querist) 05 September 2021 This query is : Resolved 
I retired from a CPSU. I was the member of pension fund of LIC under NHPC self contributory and post retirement benefit scheme( I have switched over to HDFC life on my retirement). At the time of switch over I had commuted 30% of my pension. Is this amount taxable or exempted under 23AAB u/s 10 of IT Act?
Report Abuse
kavksatyanarayana (Expert) 05 September 2021
Consult a local CA or post this query in CAclubindia.
Dr J C Vashista (Expert) 06 September 2021
The amount received as commuted pension is tax free.
Pradipta Nath (Expert) 06 September 2021
The query may be posted in caclubindia.com.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now





Ask Query
Unanswered Queries

Laws Laws Follow us





Browse by Category

Stay updated with latest Posts!