Sir,
Is accrued annuity income from PMVVY to be calculated in a FY for the purpose of tax liability, like interest income from bank FD?
Menu
Annuity income from PMVVY
Replies (3)
Income from other sources, interest income is subject to TDS at 10%, the same is the case with accrued interest when it is credited to your account.
Annuity income for half yearly payout, Jan- Jun period credited on 01 Jul, do I have to calculate accrued annuity income from Jan- Mar for preceding FY tax liability? No TDS in PMVVY of LIC.
The deposits made in the scheme are exempt from income tax under section 80C of Income Tax Act, 1961. However, the interest earned on the deposit is not exempt from income tax. Provisions of Tax Deduction at Source (TDS) are applicable to the Scheme.
Pension Amount: Rs. 1,000/- per month; Rs. 3,000/- per quarter; Rs.6,000/- per half-y...
Purchase Price: Rs. 1,50,000 for monthly; Rs. 1,49,068 for quarterly; Rs. 1,47,601 for ...
https://www.myinsuranceclub.com/life-insurance/companies/lic-of-india/pradhan-mantri-vaya-vandana-yojana
what ever your annual filings are, only they are considered. Yes, jan - March is your filing even I forgot you did not get paid out
https://cleartax.in/s/income-tax-on-fixed-deposit-interest
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
