sir/madam,
I have taken Jeevan Suraksha Policy of LIC long back.
Now it is matured.
Initially, I got lump sum amount for commutation.
Now as per plan ,I am getting monthly pension.
When I purchased this policy,the LIC person told me that ,all the income after maturity including,Commutation and monthly pension is Income Tax free.
Kindly tell me ,how I should show the income from this policy in Income Tax returns.
Thanks
Mrs.Anvaya Joshi.
Pune