Lic varshitha pension bhima yojana taxability.


(Querist)
11 July 2019
1)Iam getting LIC Varshitha Pension Bhima Yojana Rs5000 p.m =Rs60000
Whether Rs60000 Should be shown as Income (OR) Only Interest amount should be shown as income.
2)Under which head LIC Varshitha Pension Bhima Yojana should be shown.


K Srinivas, CMA CS (Expert)
11 July 2019
1) Monthly annuity receipt is taxable and not just interest alone

K Srinivas, CMA CS (Expert)
11 July 2019
2) Under income from other sources


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