LIC PENSION SCHEME

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Poonam (Querist)
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23 January 2009 Is income from LIC Pension scheme is exempt from Tax if yes In Which Sction?

CA.ViVeK M ACA (Expert)
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23 January 2009 It is excempted u/s 80c

K V Subba Rao (Expert)
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23 January 2009 I am afraid, it is taxable. Please visit http://www.outlookmoney.com/scripts/TAX003C1.asp?type=Rebates&lst_rebates=LIC%20premium

Bhaskaran Chackrapani Warrier (Expert)
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23 January 2009 I feel Mr.Rao's answer is correct.

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