Start learning →

Pension commuted under the Civil Pensions (Commutation) Rules for Central Government staff is:

AExempt to one-half
BWholly exempt
CTaxable in full
DExempt to one-third
Answer & Solution
Correct answer: B. Wholly exempt
Commutation of pension received under the Civil Pensions (Commutation) Rules is exempt without any limit.
Practise this question with Quill — CA Inter →

Keep practising Salaries

Browse all Salaries questions for CA Inter, or explore more Taxation topics.

Start a Salaries lesson →
Related questions