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chetan (accountant) (321 Points)
HI
I have been invested Rs 12000/- per annum in cash back policy for 15 years and now the policy has matured and i got Rs 270000/-
How much will be my taxable income.
Pls reply
U S Sharma (glidor@gmail.com) (21063 Points) Replied 03 May 2011
receipt from LIC is tax free,
this will be trax free
Harpreet (* * * * * *) (1670 Points) Replied 03 May 2011
The same is tax free income
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