PPF & LIC maturity Amount exemption

Efiling 205 views 1 replies

Dear Members

I have income from maturity of my LIC policy and Public provident Fund account. I understand both are tax free and shall be included in exempted income section in ITR-2.

 

Kindly let me know which section i shall select in EI for LIC amount and for PPF amount

Thanks in Advance

Replies (1)
Any amount received on maturity of a life insurance policy or PPF or amount received as bonus is fully exempt from Income Tax under Section 10(10D)


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