John, who recently retired from service of a company on 31st March 2021 is eligible for a monthly pension of ₹ 20,000. He has received gratuity on his retirement also. He wants to commute 50% of his pension for ₹ 6.00 lakh. How much amount of this commuted pension shall be subject to tax in AY 2021-2022?

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Question:John, who recently retired from service of a company on 31st March 2021 is eligible for a monthly pension of ₹ 20,000. He has received gratuity on his retirement also. He wants to commute 50% of his pension for ₹ 6.00 lakh. How much amount of this commuted pension shall be subject to tax in AY 2021-2022?

1. ₹ 6,00,000

2.₹ 2,00,000

3. ₹ 3,00,000

4.₹ 3,50,000

Posted by R4R Team
  1. John, who recently retired from service of a company on 31st March 2021 is eligible for a monthly pension of ₹ 20,000. He has received gratuity on his retirement also. He wants to commute 50% of his pension for ₹ 6.00 lakh. How much amount of this commuted pension shall be subject to tax in AY 2021-2022?
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