senior citizen received pension from LIC amd EPF is it Taxable?
yes then in salary head or IOS???
Menu
Income Tax tratmemt
Replies (5)
Taxable, u/h. Salary.
even after retirement??
Yes, because of old relationships.
1. EPF pension will be taxable under the head salary.
2. If the pension from LIC is in lieu of employment then it will also be taxable under the head Salary.
3. If the pension from LIC is from any own contribution not in connection with the employment then it will be taxable under the head Income from other sources.
Please correct me if the above solution has an alternative view.
LIC pension will be shown under IFOS
&
EPF pension under Income From Salary...
&
EPF pension under Income From Salary...
Recent Topics :
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
Related Topics :
CAclubindia
