Are annuities fromlic schemes taxable

Sanjit (not applicable) (117 Points)

16 June 2019  

I am a senior citizen with 6 LIC policies from which I earn annuity and quarterly/ annual pensions such as Jeeven Akshay and Pradhan Mantri Vaya Vandana Yojna.  

My question is - are the pension and annuities earned from these LIC policies taxable? (under income from other sources?)

Thank you