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Amt. of lic annuity matured-- taxable or not?

This query is : Resolved 
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(Querist)
21 March 2014 I had purchase LIC policy in 2002, amount of LIC matured in 2010.
I selected option of annuity for such maturity amount.
Now on such maturity should i need to pay tax on such amount matured, if i had not taken any deduction on premium paid earlier.

So is it taxable or not? under which provision or section?

Please suggest.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
21 March 2014 Amount received on maturity of LIC policy is EXEMPT u/s 10.
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