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    If I receive my pension from a bank, who the bank or my previous employer will send me a Form-16 or pension statement?

    Answered 25-Nov-2022

    Government employees are not required to pay taxes on their gratuities and pension fund receipts. Gratuity is exempt in the hands of non-government employees up to the limitations set forth in this regard, and PF receipts are exempt from tax if they are obtained from a recognized PF after continuous service of at least five years.

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