10-mark question · Part C · Law of Taxation

An employee retires from service and his monthly pension is fixed at Rs. 3,000/- p.m. He commuted Rs. 2,500/- out of his pension and received Rs. 2,00,000/- as commuted value of pension. Work out the amount of commuted pension of the employee both where (1) the employee received Gratuity, and (2) the employee did not receive gratuity.

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• Law of Taxation · May/June 2019 Mapped paper Download

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