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Surrender amount received from lic taxable or not

This query is : Resolved 
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(Querist)
29 August 2019 Dear Sir,

I Received amounting to 81000/- surrender value from LIC after paying premium for 7 years..

Please let me know that amount receeived from LIC is taxable or not...
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 August 2019 since it is more than 5 years, the surrender value is NOT taxable section 10(10D)
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