Monthly pension amount from the Superannuation Balance

POSTED BY ramk516 ON February 18, 2012 2:06 pm ONE COMMENT

I would like to know how to calculate the Monthly pension amount from the Superannuation Balance. I have resigned from my office after 20 years of service. i have opted for 1/3rd as a lumpsum payment, and the balance under monthly pension scheme. Presuming, that my accumlated superannuation balance is around Rs. 13,00,000.00, would like to know how much would be the monthly pension amount that i would be getting. Would there be any Tax deducted by LIC. Thankss

One reply on this article “Monthly pension amount from the Superannuation Balance”

  1. Dear Ramk, Please contact LIC office in your area to get the exact amount of pension against the purchase price of 8.67L Rs. as out of 13L Rs. you are redeeming 4.33L Rs. as cash commutation. Please do check what option of pension is given to you or opted out by you?

    Thanks

    Ashal

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