Deferred Pension Plan
This query is : Resolved
14 January 2021
What is the treatment of pre-mature surrender of deferred pension insurance plan?
01 December 2021
If you have purchased a pension plan and want to surrender it, the proceeds you receive from the insurer, which is the surrender value will be taxable under the 'income from other sources' head. There is no tax provision, which makes the surrender value from pension plans tax-free.
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