Matter of tax
This query is : Resolved
Guest
Guest
(Querist)
20 April 2012
gud evening to all experts,
my total income after deduction 190000.
i rec. a maturity amount from lic. this will add in my total income or less plz reply
my total income after deduction 190000.
i rec. a maturity amount from lic. this will add in my total income or less plz reply
20 April 2012
Maturity amount received from LIC is exempt from tax u/s 10(10D).i.e need not add it to your total income.
therefore your income=190000
therefore your income=190000
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