https://www.taxtmi.com/manuals?id=875 Commuted pension is treated differently for government employees, non-government employees, approved pension funds, National Pension System withdrawals, and gallantry award recipients. Government commuted pension under the Civil Pensions (Commutation) Rules or similar schemes is deductible in full, while non-government commuted pension is exempt to the extent of one-third where gratuity is received and one-half where no gratuity is received. Approved pension fund receipts are deductible in full, and NPS-related payments are exempt only within specified caps and conditions, including closure, opt-out, Unified Pension Scheme payments, lump sum amounts, and partial withdrawals. en-us Fri, 07 Aug 2015 14:50:00 +0530 Fri, 26 Jun 2026 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=875 Commuted pension is treated differently for government employees, non-government employees, approved pension funds, National Pension System withdrawals, and gallantry award recipients. Government commuted pension under the Civil Pensions (Commutation) Rules or similar schemes is deductible in full, while non-government commuted pension is exempt to the extent of one-third where gratuity is received and one-half where no gratuity is received. Approved pension fund receipts are deductible in full, and NPS-related payments are exempt only within specified caps and conditions, including closure, opt-out, Unified Pension Scheme payments, lump sum amounts, and partial withdrawals. Manuals Income Tax Fri, 07 Aug 2015 14:50:00 +0530 https://www.taxtmi.com/manuals?id=875