Dear sir.
Pension from lic is taxable for a senior citizen?
thanking you
Yes, regular pension received from LIC is taxable.
2 Replies
Sai Allu
(754 Points)
Replied 23 August 2022
Super senior citizens (age above 80 years) enjoy much higher tax-exempt income limit of Rs 5 lakh per annum under the old tax regime.
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