At the time of retirement of employees the employer is paying one time contribution from Superannuation fund to HDFC Life/ LIC/ SBI life etc. The Life Insurance co pays Annuity to the employee till his life. Whether this Annuity can be included under the head Salary or income from other sources?
Similarly the pension received from EPFO after Superannuation can be included under Salary?
Menu
Annuity from employers Superannuation fund
Replies (1)
Both are to be considered under uncommuted pension when received periodically. Uncommuted pension or any periodical payment of pension is fully taxable as salary.
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
