Tax treatment on redemption of pension plan
This query is : Resolved
11 March 2013
What will be the tqx treatment on redemption of pension plan before maturity and after paying 9 premiums? If it is wholly taxable will the premiums paid till date be deducted from the surrender value received if deduction u/s 80 ccc has not been availed and will I get the benefit of indexation on such premium? Say premiums of rs 10000 each yr fr 9 yrs have been paid n redemption value comes to say rs 150000. Pls tell me the tax treatment.
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11 March 2013
Amount received on redemption will be taxed under the head 'income from other sources' and yes premium paid will be deducted from the amount received...
11 March 2013
N will I get d benefit of indextion on such premium paid?
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