Hi,
I want to get a family pension scheme from any insurance company. But after policy payment term at what percentage on fund availave in my account will be paid to me as pension? Is there any circular from Govt.
Regards,
Shyamal Mondal
2 Replies
SANYAM ARORA
(“It's hard to beat a person who never gives up.”)
(20168 Points)
Replied 19 December 2010
as per sec 56 of it act,it is taxable u/h other sources.
as per sec 57 of it act,deduction is available @ one third of gross pension or 15000 whichever is less...!!!
@ ! @
Harie
(student)
(148 Points)
Replied 19 December 2010
| Originally posted by : sanyam arora | ||
 |
as per sec 56 of it act,it is taxable u/h other sources. as per sec 57 of it act,deduction is available @ one third of gross pension or 15000 whichever is less...!!! @ ! @ |
 |
Agree with Sanyam :)
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