LIC AMOUNT RECEIVED- TAXABLE OR NOT ? PLZ...

This query is : Resolved 

24 January 2008 our employee received LIC Bonus amount of rs.20000/- for survival benefit.

This was taxable or not plz.. sir

24 January 2008 This will be exempt subject to the conditions mentioned u/s 10(10D) of Income tax Act.

27 February 2008 Hope this is an individual Life policy


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