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LICI Maturity Amount

This query is : Resolved 
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(Querist)
04 August 2009 One my client has got maturity amount (Rs. 2 lacs +) of LICI Policy after completing 20 Years. I got confused whether this amount is taxable or not ?
Kindly suggest at mhlaskar@gmail.com
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2009 Amount received from LIC is exempt u/s 10(10D). Hence it will not be taxable in your hands.
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