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(Querist)
27 May 2016 AN INDIVIDUAL INVEST IN LIC PENSION PLAN OF RS 50000 AND HE RECEIVED RS 567.00 P.M AS PENSION,WHETHER IT IS TAXABLE OR NOT IN THE HAND OF INDIVIDUAL . IF TAXABLE UNDER WHICH HEAD
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
27 May 2016 Pension income is also taxable as salary income. you have to club and calculate in your other income.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
20 June 2017 Its LIC Pension plan so income received is taxable under other sources not in salary head.




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