Annuity

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What's the difference between annuity & pension under Salary head??
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Annuity

An annuity is known as a financial asset that will periodically pay a set amount of cash over a defined period of time.

Pension

Pensions are benefits that are paid out of retirement plans that are established by companies or government departments.

Thanks & Regards

Yours RAJA P M.
Sir one example please.. definition thodi typical h

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