New Delhi, Jan. 29 -- I receive a monthly pension from the Superannuation Fund (managed by LIC) as per the terms of my employment. I was working in a private sector company and retired recently. My employer contributed to the superannuation fund. I also received a monthly pension from EPFO under the Employees Pension Scheme 1995 and a monthly instalment from LIC regarding my Jeevan Suraksha policy, which I had bought. I also receive a monthly pension from LIC regarding my Pradhan Mantri Vay Vandana Yojana, for which I invested some money. Kindly clarify under what head of income each of the above receipts is to be declared in the Income Tax return and whether any exemption is applicable for any of the above receipts.

Pensions can either ...