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Taxation on Insurance claim received

This query is : Resolved 
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(Querist)
06 March 2010 i just wanted to whether when any female gets Personal accident insurance claim of Rs. 10,00,000/- on death of her husband whether she has to pay income tax on that claim received. if yes is than it is taxable at normal income tax rate or on flat rate
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 March 2010 IT IS EXEMPT FROM TAX
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 March 2010 Agree it is exempt
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
07 March 2010 100% Exempt from Tax.
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