45. Which of the following is not included in salary income.
(A) Commuted pension
(B) Un commuted pension
(C) Family pension
(D) Leave salary
Answers
Answered by
1
Answer:
Un commuted pension
i hope i am right
Answered by
0
Answer:
(A) Commuted pension is not included in salary income.
Explanation:
Commuted or single amount pension got might be absolved in certain cases.
- For an administration representative, commuted pension is completely excluded.
- For a non-government representative, it is somewhat excluded.
- Assuming tip is likewise gotten with a pension - 1/third of how much pension that would have been gotten, if 100 per cent of the pension was commuted, is absolved from commuted pension and the leftover is burdened as salary.
Furthermore, on the off chance that the main pension is gotten and the tip isn't gotten - ½ of how much pension that would have been gotten, if 100 per cent of the pension was commuted, is excluded.
Uncommuted pension or any periodical instalment of pension is completely taxable as salary.
Pension got by a family member is taxed under the head's pay from different sources in the family member's annual government form.
Any leave encashed during administration is completely taxable and shapes part of 'pay from Salary'.
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