In ITR 2 I have to enter the pension received from LIC annuity (invested directly) in other income schedule.T here is no column for others except interest on fixed deposit, .dividend income. Where should I enter this amount?
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Income tax return filing querry
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Any other
yes use fix deposit, i am doing same
Have you filed ITR 2 for previous years also
LIC annuity in Schedule OS:
• Annuity received from an LIC pension plan bought directly (e.g. Jeevan Akshay or Jeevan Shanti) is "Income from Other Sources". In ITR-2, Schedule OS → "Any other income" → select "Others" with the descripttion "Annuity from LIC (policy no.)".
• No standard deduction (not salary).
• If tax was deducted (rare for annuities), claim it.
• If you were a former employee receiving pension from an employer-linked scheme, it's salary. Directly purchased annuity is Other Sources.
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