Annuity from LIC under jeevan suraksha plan salary or income from other sources
This query is : Resolved
Quick Summary
02 August 2023
Dear sir
Can anyone advise if LIC jeevan suraksha pension plan under which monthly pension till death is given. I understand that it is taxable (pls correct if it is nontaxable) but can it be shown under salary where standard deduction is applicable or under income from other sources. Thanks
Can anyone advise if LIC jeevan suraksha pension plan under which monthly pension till death is given. I understand that it is taxable (pls correct if it is nontaxable) but can it be shown under salary where standard deduction is applicable or under income from other sources. Thanks
Dhirajlal Rambhia
(Expert)
02 August 2023
The annuity received periodically from the pension fund is taxable under head income from other sources.
Dhirajlal Rambhia
(Expert)
11 September 2024
Good Luck.
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