. Mr. Ganesh retires on 31.10.2010 voluntarily from XYZ (P) Ltd. as per the schemeapproved under section 10(10C) of the Income-tax Act, 1961. He furnishes thefollowing particulars: Salary `40,000 p.m.; Pension `16,000 p.m.; D.A. forming partof basic pay `12,000 p.m.; Compensation on voluntary retirement `8,00,000; Gratuity`11,10,000;Leave Salary `6,75,000; He gets 60% of his pension commuted for `,600,000 on31.1.2011. Completed years of service 18 years and 7 months. Leave availed whilein service 19 months. But for the voluntary retirement Mr. Ganesh would haveretired only after 45 months. The last increment he received was on 1.11.2010.Compute his taxable salary income for the A.Y. 2011-12.
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