Should my pension from Policy be added for total income calculation while paying tax ?

POSTED BY Dr Ramesh Prasad ON August 17, 2014 6:45 pm NO COMMENTS

Dear Sir,

I am a  pension holder  from a PSU. I also  receive Rs 2000 per month as annuity from my matured Jeevan Suraksha scheme,which is credited to my savings bank account each month.The annual  total interest  income from  the  SB account  is added to the  total pension amount  for calculation of  gross total income.

Please inform whether Rs 24000 (total annuity amount from Jeevan Suraksha ) should be added to the pension amount for  calculation of gross total income.

Thanking you,




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