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Regarding itr 1 ( sahaj )

atul mane (accountant) (124 Points)

27 July 2016

Respected all, i am a salaried person i want to fill up my itr for the f.y-2015-16 my question is i took one lic's jeevan akshay policy which is a pension plan & i got rs-21000/- from this policy in f.y-15-16 so where should i show this amount in itr 1 in salary column or income from other sources column. help me. thaks.

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5 Replies

Dinesh Mertiya (PROFESSIONAL) (761 Points)
Replied 27 July 2016

Are you received in form of pension ???
if yes,
I think,
then shall be included as salary

atul mane (accountant) (124 Points)
Replied 27 July 2016

yes sir it is a immediate annuity plan which give me 21,000/- rs per year till my death.

atul mane (accountant) (124 Points)
Replied 29 July 2016

does anyone knows the answer of my question? i am 32 year old salaried person plus i took on lic's immediate annuity policy which gives me rs-21,000/- per year so can i include it in salary column in which we all entered the salary amount

i.e my annual salary is 2 lakh + my yearly annuity is rs-21,000/- so can i add it like 2,21,000/- in salary column or otherwise.