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LIC maturity amount
I got maturity amount. And 1%TDS was deducted. How to file itr? will I get exempt of taxable income?
Replies (4)
It seems to be taxable, as TDS has been deducted.
Give more details about premium paid per annum and Assured amount as per policy terms to confirm the same.
sum assured was 1.20 lakh
policy applied after april 2012 and before 2013
policy premium was more than 19k
maturity amount 139035
TDs 1390
will I hv to show the maturity amount(139035 )in TDS2.?
or I may inter the rest amount above assured value!
policy applied after april 2012 and before 2013
policy premium was more than 19k
maturity amount 139035
TDs 1390
will I hv to show the maturity amount(139035 )in TDS2.?
or I may inter the rest amount above assured value!
Maturity amount 1,39,035./-
Maturity proceeding is taxable. since premium paid is more than 10% of the sum assured .
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