Is standard deduction applicable on LIC annuity received from a superannuation fund under the head salary
Menu
Standard deduction on lic annuity received from a superannuation fund
Replies (4)
no , s.d.is only for any salary received from employer
thanks
Economic times 21st June in reply to a query it was said that since superannuation fund is deposited by the employer in LIC for annuity pension it is also considered as pension from employer and hence under the head salaries.
anyway thanks for clarification
that's right , u received pension from employer Indirectly
hence u wlii eligible for standard deduction
hence u wlii eligible for standard deduction
thanks
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
