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Tax on pension from lic and family pension

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ashok (Querist)
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29 June 2012 Sir,
I am getting pension of Rs.3342 per month from LIC and Rs.1839 per month from EPF.
Pl tell me who to show in my ITR/Head and there is any tax and or deduction on this pension income.THANKS
Ashok Agarwal

gbalakrishnan

gbalakrishnan (Expert)
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29 June 2012 YOUR INCOME OF RS 3342 + RS 1839 (BOTH ) DO NOT PUT TOGETHER CANNOT FALL IN ANY INCOME TAX BRACKET AS PER TAX RECKON-ER VALID

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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29 June 2012 Pension from LIC is taxable under the head Salaries.
Amount received from EPF is exempt U/s 10(11)

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