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| Q.112 | As per the provisions of the Income Tax Act, 1961, in case of a non-government employee, commuted pension is exempt to the extent of: | |
| Ans | A. three-fourth of normal pension if the employee receives gratuity | |
| B. half of normal pension if the employee receives gratuity | ||
| C. half of normal pension if the employee does not receive gratuity | ||
| D. one-third of normal pension if the employee receives gratuity |
Correct Ans Provided: D
