Taxation

The amount received by legal heirs of the deceased person on account of disaster is exempt from tax . 

The compensaion received in he case of Mr.Ravi is exemp,t out right, under section 10(10BC) of the Act.

fully agreed with V. Srinivas

Agreed with others; it is exempt 

any compensation or amount given by state or central govt on occasion of disaster  is fully exempt from tax so the compensstion received from state govt on account of a bomb blast in a Mumbai local train is exemp from tax

yes its exempt form income tax....

yeah...exempt 

it will be exempt as said by V. Srinivasa