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 Topics :
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
Related Topics :
CAclubindia
