Tax on Maturity amount paid by LIC

tapas adhikary (5 Points)

24 March 2018  
hi there!
recently I got payment from LIC regarding maturity of my policy. as my policy doesn't come under 10(10D) provision TDS has been made @ 1%. I just want to know, do I have to consider this total maturity amount as my Income for this F.Y.?? pls help.... if possible please quote section of the IT Act 61.

regards.