11 August 2018
Salaried person(Age-41) had received Rs. 1,11, 964 (superannuation from LIC) on 01-09-2017 from previous employer where she had done job till 2012.
Please tell taxability of amount received for A.Y. 2018-19..?
11 August 2018
sir, under section 10(13) there are exceptions over payment of superannuation amount. But she is not falling in any of exception. I am not able to understand the concept of annuation. Can you guide me in short..?
Any amount received before retirement should be taxable...?
CAclubindia
