Is Pension Taxable? - Learn about income tax for senior citizen pensioners
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Table of Contents
Types of pension plans:
Tax Implications2 in Annuity Plans
Worried about your Taxable Pension? Here’s what you can do:
Conclusion:
About Author
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Disclaimer
1 Male age 60 years, Annuity Option -Life Annuity, Annuity Payout Frequency-Annual, Option chosen of Premium, Purchase Price Rs.10,00,000, Level Annuity, PPT: Single Pay, Single Life. Receive Annuity Rs.87,314 per annum
ABSLI Guaranteed Annuity Plus is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V07)
2 Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
3 https://incometaxindia.gov.in/Booklets%20%20Pamphlets/e-PDF__Benefits-for-Retire-Employees.pdf
4 https://www.financialexpress.com/money/know-how-your-pension-can-be-taxed/1270479/
5 https://cleartax.in/s/are-pensions-taxable
ADV/1/22-23/2753
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