Tax on Pension

Rajesh (Professional) (44 Points)

22 July 2011

Hi, is pension income from govt and pension income from insurance company is taxable?

Is ULIP policy surrender after three year income is taxable or not?

Is Dividend Income Taxable?

Is IPO sales amount taxable?

Regards

Rajesh

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2 Replies

Sunshine (Helping All) (10575 Points)
Replied 22 July 2011

If the pension is un-commuted,it will be always taxable..

If the pension is un commuted- in case of govt. employees, it is exempt

Dividend received from an Indian Co. is not taxable.But if received from a foregin co. , u will have to pay taxes

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 22 July 2011

Originally posted by : Sunshine...
	If the pension is un-commuted,it will be always taxable.. If the pension is un commuted- in case of govt. employees, it is exempt Dividend received from an Indian Co. is not taxable.But if received from a foregin co. , u will have to pay taxes