Lic proceeds

TDS is deducted only of taxable. But you can check for conditions u/s 10(10D).
and also take benefit of Circular : No. 7/2003, dated 5-9-2003.
 

Hi,

My client's insurance policy got matured in A.Y. 2018-19. Total sum assured is 1,21,000 and total premium paid is 1,97,169 till Nov,2017. She has received Rs.1,48,000 and rest of the money she or her nominee will receive in future years.

Tds of 1% has been deducted u/s 44ADA. Please help me calculating the taxable amount.

Thanks