.....Mr. Sagar retired on 1.10.2017 receiving ` 5,000 p.m. as pension. On 1.2.2018, he commuted 60% of his pension and received ` 3,00,000 as commuted pension. You are required to compute his taxable pension assuming: a. He is a government employee. b. He is a non-government employee, receiving gratuity of ` 5,00,000 at the time of retirement. c. He is a non-government employee and is not in receipt of gratuity at the time of retirement.
Dec. 08, 2017