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It on maturity amount received from lic

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(Querist)
13 February 2017 I have taken LIC policy date of commencement is 28/01/1997 and the maturity date is 28/01/2017 and sum assured is 20,000/- inst.prem.85.00 every month.now i have received 41,570 with bonus is it taxable?
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Ruchi

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Ruchi (Expert)
14 February 2017 No, bonus received from lic policies is exempt.

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