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LIC Pension

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(Querist)
16 June 2009 Is LIC Pension whether Monthly or Yearly Exempt From Tax? or allowed as a Deduction or nor?
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CA.BHARAT BHUSHAN

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CA.BHARAT BHUSHAN (Expert)
16 June 2009 If think you are asking about Pension from LIC annuity plans for which deduction u/s 80CCC is allowed...then the reply is..if you claim the deduction u/s 80CCC then it will be taxable other not.
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