Whether retirement gratuity/death gratuity , commuted value of pension is taxable ?

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Asked

Whether retirement gratuity/death gratuity , commuted value of pension is taxable ?

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Retirement/death gratuity and the lumpsum amount received on account of commutation of pension is not taxable under Income Tax Act.

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Retirement/death gratuity and the lump sum amount received on account of commutation of pension is not taxable under Income Tax Act.