Taxability of ulpp maturity
This query is : Resolved
24 August 2015
Dear All,
I recd an amount on maturity of HDFC Unit Linked Pension Plan. But I am confused that it is covered u/s 10(23AAB) or u/s 10(10A).
I can't determine the taxability of the same.
I recd an amount on maturity of HDFC Unit Linked Pension Plan. But I am confused that it is covered u/s 10(23AAB) or u/s 10(10A).
I can't determine the taxability of the same.
24 August 2015
Dear Shashikant,
Good day...!
Commuted Pension :
Commuted pension received from pension fund established by LIC or any other approved insurer under section 10(23AAB ) is exempt from tax for all employees.
"Commuted means to pay in one time rather to pay in instalments."
Uncommuted Pension:
Uncommuted pension i.e pension received in regular instalments is taxable for all individuals u/s 10 (10A).
Hope this sufice.
Thanks.
Regards
Ishan
Good day...!
Commuted Pension :
Commuted pension received from pension fund established by LIC or any other approved insurer under section 10(23AAB ) is exempt from tax for all employees.
"Commuted means to pay in one time rather to pay in instalments."
Uncommuted Pension:
Uncommuted pension i.e pension received in regular instalments is taxable for all individuals u/s 10 (10A).
Hope this sufice.
Thanks.
Regards
Ishan
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Condonation . E-Verification of last year return .
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
