# The Finance Act, 1965, Section 23: Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922

- Act: The Finance Act, 1965 (Act 15 of 1965)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1965/section/23/

## Text

Exclusion of commuted value of pension from total income under the Indian Income-tax Act, 1922 23. Notwithstanding anything contained in the Indian Income-tax Act, 1922 (11 of 1922), any sum due to or received by any person in commutation of pension shall not be included and shall be deemed never to have been includible in computing the total income of such person under the provisions of that Act. [Finance (No. 2) Act, 1965] © Copyright. Taxmann Publications Pvt. Ltd.

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