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of <h1>Delhi High Court: Entire Commuted Pension Exempt for Govt Employees in Public Undertakings per Rule 37A of Pension Rules.</h1> Section 10(10A)(i) of the Income-tax Act, 1961, addresses the tax exemption on commutation of pensions. A circular dated November 17, 1980, clarifies that for government employees absorbed into public undertakings after July 24, 1971, only the commuted value of one-third of the pension is exempt from tax. The Delhi High Court ruled that the entire commuted pension is exempt, based on rule 37A of the Pension Rules, 1972. Consequently, the previous instruction limiting the exemption is withdrawn, and related appeals or petitions should be conceded or withdrawn. This decision is to be communicated to relevant officers.
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