I receive a monthly annuity from lic based on superannuation fund invested by my employer in lic. My father (lic agent) received a gratuity from lic of india for completing 60 years amounting rs.2 lacs. Click on the customer portal option.
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In schedule exemption income ( ei ), i fill interest rs.5500 of ppf interest in interest column and lic maturity value rs.89000 in other of 10 (10d) life insurance,
If an agent's aggregate turnover from other sources (besides lic commission) exceeds the threshold limit of ₹20 lakh (₹10 lakh for special category states), they may be.
What is the taxability of gratuity for lic agents. Who is eligible to register for the lic online portal? Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in section 80c deduction. Commuted pension received from such fund is exempt whereas.
The lic online portal is open to all customers who hold insurance policies with lic. To register, users need to complete a. Lic/any other approved fund may pay pension to an individual from the funds contributed by the employer.
