I RETIRED FROM MY BANK JOB IN AUGUST/2011.
I COMMUTED MY PENSION AND ALSO RECEDED AMT.
FOR LEAVE BALANCE.

PL LET ME KNOW WHETHER BOTH THESE AMOUNTS
WILL BE ENCLUEDED IN MY TOTAL TAXABLE INCOME.

THANKS

WITH REGARDS

GADGIL MADHUKAR GANESH.


Admin’s Response:

Please refer Section 10(10) of the Income Tax Act 1961 at the link given below:

http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/sec_010%2810A%29.htm