LIC pension policy
This query is : Resolved
25 March 2021
What is the tax treatment of surrender of pension plan of LIC before maturity? say one time payment to lic 50000 and money received on surrender rs. 75,000.
27 March 2021
Entire sum received by you(Rs.75,000) will be taxable under the ‘income from other sources’ head and will be taxed at the applicable slab rate.
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