taxability of maturity amount of ICICI Life insurance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2010 Hello Sir

Please let me know the tax treatment of maturity amount of ICICI life insurance prudential policy.

thanks in advance.

CA Gangadhar Mishra (Expert)
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03 July 2010 Exempted U/S 10 of the I T Act.

Aditya Maheshwari (Expert)
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03 July 2010 Amount received on maturity of life insurance policy is exempt u/s 10(10D)

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