What is the taxation on the gratuity lump sum and on the annuity for medical retirement-GEPF?
By Marc Sevitz · Updated
I belong to GEPF and was medically boarded. What is the taxation on the gratuity lump sum and on the annuity?
The lumpsum received, is this from the pension fund or part of a disability payment?
Yes from government employees pension fund.
The annuity will be taxed similar to normal income earned. The lumpsum will be subject to tax based on the Lump sum calculator