Rohan retires from private service on 30th April, 2020 and his pension has been fixed at ₹ 1,500 p.m. he gets Vi of his pension commuted during January, 2021 and receives ₹ 75,000. He also gets ₹ 60,000 as gratuity. The total taxable pension for the P.Y. 2020-21 including commuted value will be –
A. 116,500
B. ₹ 1,14,250
C. ₹ 39,250
D. ₹ 14,250
Answer:C
Rohan retires from private service on 30th April, 2020 and his pension has been fixed at ₹ 1,500 p.m. he gets Vi of his pension commuted during January, 2021 and receives ₹ 75,000. He also gets ₹ 60,000 as gratuity. The total taxable pension for the P.Y. 2020-21 including commuted value will be –
A. 116,500 B. ₹ 1,14,250 C. ₹ 39,250 D. ₹ 14,250