tax treatment of amount recd on death

This query is : Resolved

rajkumar (Querist)
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18 August 2008 LIC Amount recd on the death of a person to his widow.

and other amount from his office other than gratutiy and pf like as staff contribution

rajkumar

rajkumar (Querist)
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18 August 2008 do not know

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)
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18 August 2008 IT will be taxable in the hands of the widow.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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18 August 2008 Amount from LIC policy-not taxable.
Other amount received by collection-taxable, if, together with other income, exceeds the maximum non-taxable limit.