Pension received from LIC against investment made under Pension Fund which was expemted u/s 80CCC. Now I like to know whether income would be taxble under Salary or Other Income. I have checked that only Family Pension is taxble under Other Income. Kindly reply if any one has correct answer.
Pritam
its taxable
If you are an employee of LIC then pension income will be taxed as Salary income. And if you invested in Pension schemes of LIC, then it will be taxed as income from Other Sources.
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