Anurag Kumar (Service) (62 Points)
24 July 2009I had an superannutation fund with my previous employer. After my resignation the employer provided me a LIC annuity policy from the accumulated amount. Kindly let me know the income tax applicability on the yearly amount being received from this annuity.Will the amount be taxed at my applicablet tax slab?
Rahul Chobdar
(Chartered Accountant (Financial Management))
(561 Points)
Replied 24 July 2009
HI Anurag!
The taxability depends upon whether your previous employer was Public Sector or Private Sector, If Private then was it a Approved or Unapproved superannuation fund.
Anurag Kumar
(Service)
(62 Points)
Replied 24 July 2009
| Originally posted by :R.S.C. | ||
| " |
Thanx for the response !! The fund was an approved one with a private sector company. Request your response. |
" |
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