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10(23aab) pension received

Tax queries 956 views 3 replies

Amount deposited under pension scheme is allowable as deduction u/s 80CCC. On maturity when Pension is received from such scheme is it taxable or tax free u/s 10 sub section 23(AAB).??

Replies (3)
Withdrawals from NPS on maturity is tax free upto 40% of the total corpus accumulated.

under which section?

and its ICICI Prudential Pension Plan.

Only ampunt invested tax free?

Not the interest?

Hi,

with same above i have deposited yearly Rs.10,000 for an continous period of 8 years, at end of last year  i have recevied Rs.2,40,000,

so my basic question whether it is taxable or not?

is it in the nature of commuted penion, and i am not  receiving any gratuity , means i am a private employee?????


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