I recd an amount on maturity of HDFC Unit Linked Pension Plan. But I am confused that it is covered u/s 10(23AAB) or u/s 10(10A). I can't determine the taxability of the same.
Commuted pension received from pension fund established by LIC or any other approved insurer under section 10(23AAB ) is exempt from tax for all employees.
"Commuted means to pay in one time rather to pay in instalments."
Uncommuted Pension:
Uncommuted pension i.e pension received in regular instalments is taxable for all individuals u/s 10 (10A).
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