Pension from Lic is Taxable?

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service
69 Points Posted on 30 July 2022
Dear sir.

Pension from lic is taxable for a senior citizen?

thanking you
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On 30 July 2022 at 11:40 Report
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Quick Summary
This discussion clarifies whether pensions received from LIC are subject to tax for senior citizens. While regular LIC pensions are generally taxable, super senior citizens (over 80) benefit from a higher tax-exempt income limit of £5 lakh per annum under the old tax regime.

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SEO Sai Gr. Hosp.
212444 Points Posted on 30 July 2022

Yes, regular pension received from LIC is taxable.

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On 30 July 2022 at 11:50
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754 Points Posted on 23 August 2022
Super senior citizens (age above 80 years) enjoy much higher tax-exempt income limit of Rs 5 lakh per annum under the old tax regime.
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On 23 August 2022 at 21:20

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