AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 101 Topic 11 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 101 Topic 11 Discussion

CTEP Exam Topic 11 Question 101 Discussion:
Question #: 101
Topic #: 11

Mr Ram aged 53 years has put in 21 years of service in a PSU opts for a voluntary retirement under the company scheme. He has 5 years and 3 months of service left and his last drawn salary is Rs 18,000. He received Rs 10,00,000 as compensation. What would be the taxable part of this receipt?


A.

Rs 5,00,000


B.

Rs 6,00,000


C.

Rs 1,34,000


D.

Nil


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