An employee of a company, who was entitled for a gratuity of ₹ 8,00,000, also received ₹ 12,00,000by commuting 40% of his pension. The taxable amount of commuted pension is:

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Question:An employee of a company, who was entitled for a gratuity of ₹ 8,00,000, also received ₹ 12,00,000by commuting 40% of his pension. The taxable amount of commuted pension is:

1.₹ 2,00,000

2.₹ 4,00,000

3. ₹ 12,00,000

4. ₹ 22,00,000

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  1. An employee of a company, who was entitled for a gratuity of ₹ 8,00,000, also received ₹ 12,00,000by commuting 40% of his pension. The taxable amount of commuted pension is:
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