Which head of commission from lic is taxable

CA Sunil (Auditing and Assurance Service)   (169 Points)

15 February 2014  

Freinds pls tell me which head of Income LIC commission is taxable.

1.If assesee has no other source of Income .

2.If has another source of income too (Say Salary Income)

3. What deductions and exemption are available for the same.


Please help.