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Amount received pli maturity

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(Querist)
02 July 2024 I have received amount on maturity of pli on retirement. Is it taxable or exempt ? as they have deducted tds u/s 194 d .
If it taxable then it is taxable under which head and any deduction available.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 July 2024 Tax Benefits of PLI Under Section 10 (10D):
If the sum assured is a minimum of ten times the annual premium, any income received as a maturity benefit will be entirely free from taxation. Section 10(10D) exempts bonuses and surrender benefits from taxation.
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