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Annuity or pension from lic

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(Querist)
06 May 2018 Annuity received from LIC under Atal Bihari Varishta Yojana is Exempt or Taxable
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 May 2018 Varishtha Pension Bima Yojana is an annuity plan and annuity is chargeable to tax
as per the Income Tax Act, 1961
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
07 May 2018 Annuity is chargeable to tax under income from other sources.
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ALKESH T MEHTA

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ALKESH T MEHTA (Expert)
07 May 2018 Annuity or pension is a part of salary U/S 17(1) of Income-tax Act.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 May 2018 Metha Ji
17(1) attracts only if there is employer-employee relationship.
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