Tax tratment
Querist : Anonymous
want to know the tax treatment of it that commuted value recieved as superannuation is taxable or not and monthly annuity is taxable or not and under which head
1.TDS might have be done-may be annuity paid in any year is more than 20%.
basically, lic amount is exempt u/s10(10d)
Querist : Anonymous
it is received as superannuation as i left the organisation
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