In itr-2 where to show superannuation monthly annuity

Dear  Experts,

I receive a monthly  annuity from LIC  based on superannuation fund invested by my employer in LIC.  

For ITR-2, is this annuity pension amount to be shown under Salary and can I take  a standard deduction of Rs 50000/-.  

 

 

regards,

 

Milind Karoor 

Replies (4)
Quick Summary
This discussion explores where to declare a monthly annuity received from a superannuation fund invested by an employer in ITR-2. The user is seeking clarification on whether this annuity should be shown under 'Salary' and if the standard deduction of Rs. 50,000 is applicable. Initial advice suggests that such annuities are often treated as salary, making the standard deduction potentially available.

In other sources.

Thank You madam.

May I draw your attention to a news article, which sats that the annuity purchased by my employer can be shown under salaries.


please view the 2 links mentioned in attached document and revert with your advice.

In my opinion, this annuity pension will be taxable under the head salary and a standard deduction of Rs. 50,000 will be available. 

 

I think annuities are taken in salary....and standard deduction available
annuities are treated as salary....i suppose

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