Received Rs 5 Lakh in FY 24-25 from LIC Jeevan Labh: Do I Need To Pay Tax in AY 25-26?

, Last updated: 25 July 2025 Share Follow on Google News

LIC Jeevan Labh is a limited premium endowment plan that offers both life cover and maturity benefits. Its a non-linked, with-profit plan, meaning it participates in bonuses declared by LIC. This plan offers tax-saving benefits under 80C and 10(10D). Is the ₹5 Lakh Maturity Amount Taxable? The

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About the Author

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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Received Rs 5 Lakh in FY 24-25 from LIC Jeevan Labh: Do I Need To Pay Tax in AY 25-26?

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