Pension commuted (received as a lump sum) by a non-government employee is partly:
Aexempt under Section 10(10A)
Bignored
Ctaxed at 30%
Dtreated as gratuity
Answer & Solution
Correct answer: A. exempt under Section 10(10A)
Commuted pension of a non-government employee is partly exempt under 10(10A).
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