3 replies on this article “Pension Plan – surrender value – Tax implications”

1. Ashal Jauhari says:

   June 20, 2013 at 12:15 pm

   Dear Nagraj, the SV is fully taxable in the Fy of receipt. Please calculate your tax liability & pay tax along with the penal interest.

   Thanks

   Ashal

   Reply
2. Nagraj Hegde says:

   June 20, 2013 at 12:00 pm

   I had a HDFC Personal Pension Plan with an annual premium of @ 90,000 INR subscribed in March 2002 for 15 year term and sum assured of 15,00,000 INR

   I surrendered the policy in the March 2013 and the surrender value of 13,45,762 INR was provided to me.

   I wanted to know my tax liability on this surrender value.

   Reply
3. Ashal Jauhari says:

   June 20, 2013 at 11:42 am

   Dear Nagraj, what’s the query?

   thanks

   Ashal

   Reply

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