Akash is entitled to get a pension of ₹ 6,000 per month from a private company. He gets 60% of the pension commuted and receives ₹ 3,60,000. He also receives ₹ 2,00,000 as gratuity from the same employer. The taxable portion of commuted value of pension will be
A. ₹ 1,60,000
B. Nil
C. ₹ 3,60,000
D. ₹ 60,000
Answer:A
Akash is entitled to get a pension of ₹ 6,000 per month from a private company. He gets 60% of the pension commuted and receives ₹ 3,60,000. He also receives ₹ 2,00,000 as gratuity from the same employer. The taxable portion of commuted value of pension will be
A. ₹ 1,60,000 B. Nil C. ₹ 3,60,000 D. ₹ 60,000