Example:-X retires from B Ltd. on 31st July, 2014. He gets pension of 1,000 per month up to 31st December, 2014. W.e.f 1st January, 2015 he gets 60% of pension commuted for 1,70,000. Does it make any difference if he also receives gratuity of 3,000 at the time of retirement?

Example:-X retires from B Ltd. on 31st July, 2014. He gets pension of 1,000 per month up to 31st December, 2014. W.e.f 1st January, 2015 he gets 60% of pension commuted for 1,70,000. Does it make any difference if he also receives gratuity of 3,000 at the time of retirement? https://www.taxtmi.com/tmi_notes?id=88 Example:-X retires from B Ltd. on 31st July, 2014. He gets pension of 1,000 per month up to 31st December, 2014. W.e.f 1st January, 2015 he gets 60% of pension commuted for 1,70,000. Does it make any difference if he also receives gratuity of 3,000 at the time of retirement? en-us Mon, 10 Aug 2015 14:20:00 +0530 Mon, 10 Aug 2015 18:44:00 +0530 TaxTMI RSS Generator Example:-X retires from B Ltd. on 31st July, 2014. He gets pension of 1,000 per month up to 31st December, 2014. W.e.f 1st January, 2015 he gets 60% of pension commuted for 1,70,000. Does it make any difference if he also receives gratuity of 3,000 at the time of retirement? https://www.taxtmi.com/tmi_notes?id=88 Example:-X retires from B Ltd. on 31st July, 2014. He gets pension of 1,000 per month up to 31st December, 2014. W.e.f 1st January, 2015 he gets 60% of pension commuted for 1,70,000. Does it make any difference if he also receives gratuity of 3,000 at the time of retirement? Notes Income Tax Mon, 10 Aug 2015 14:20:00 +0530 https://www.taxtmi.com/tmi_notes?id=88