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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details