I have taken pension plan in 2010 and paid Rs.640000 . surrender value I got is 10 Lac.
I have not claimed any tax deduction on paid amount.
on which amount I need to pay tax and at what rate. presently no income.
please reply
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Income tax on surrender value of pension plan
Replies (1)
There are number of Pension plans with varying Riders clauses.
Which insurance company plan it is or else ??
The right way will be check terms and conditions of the policy - pension plan or to ask insurance company about tax related impact of the plan.
Which insurance company plan it is or else ??
The right way will be check terms and conditions of the policy - pension plan or to ask insurance company about tax related impact of the plan.
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