Lic pension and pension received after normal retirement
This query is : Resolved
05 July 2013
Please let me know the head under which following income are taxable
1. LIC Pension
2. Pension received after normal retirement
(Note that employee is continued after normal retirement as contract employee receiviing normal salaries in addition to above incomes)
Please advise me
1. LIC Pension
2. Pension received after normal retirement
(Note that employee is continued after normal retirement as contract employee receiviing normal salaries in addition to above incomes)
Please advise me
05 July 2013
LIC Pension:
------------
Head : Income From Other Sources
.
Normal Pension :
----------------
Head : Salary Income
.
Contract Employee :
-------------------
Head : Profits & Gains of Profession in case no employee employer relationship exist.
------------
Head : Income From Other Sources
.
Normal Pension :
----------------
Head : Salary Income
.
Contract Employee :
-------------------
Head : Profits & Gains of Profession in case no employee employer relationship exist.
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