Tax on pension from lic and family pension
This query is : Resolved
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
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
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
29 June 2012
Pension from LIC is taxable under the head Salaries.
Amount received from EPF is exempt U/s 10(11)
Amount received from EPF is exempt U/s 10(11)
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