Once-and-for-all Payment

Table 03 - Rates for the deduction of tax from Once-and-for-all Payments.

Option 01

Amount received in commutation of a pension
Amount received as a retiring gratuity
Any sum payable as compensation for loss of office or employment (Uniform scheme)
Any sum payable from the Employees Trust Fund (ETF) (excluding the share of Investment income of the fund, after 31.03.1987)
Contribution years

Option 02

Any sum payable as compensation for loss of office or employment (Non uniform scheme)