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pension received from LIC

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(Querist)
26 June 2009 i have a querry. the querry is that i am receiving an amount from LIC as pension on monthly basis.
will it be taxable income or exempt income.
reply to ( caamitbansal2007@gmail.com)
thanx
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CA.Nikhil Gupta

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CA.Nikhil Gupta (Expert)
26 June 2009 it should be taxable
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Ratan Sharma

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Ratan Sharma (Expert)
26 June 2009 Its taxable.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
26 June 2009 taxable

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