L.I.C. pension is received. the assessee is not a L.I.C. agent.
under which head it is chargeable to tax or
it is exempt from tax
Menu
L.i.c. pension
Replies (1)
I think If it's received in lumpsum then it is exempted but if it's received monthly/periodically then it is taxable, and you can show it as other source of income, as you can't show it as salary.
Recent Threads
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
Related Threads
CAclubindia
