LIC AMOUNT RECEIVED- TAXABLE OR NOT ? PLZ...
This query is : Resolved
24 January 2008
our employee received LIC Bonus amount of rs.20000/- for survival benefit.
This was taxable or not plz.. sir
This was taxable or not plz.. sir
24 January 2008
This will be exempt subject to the conditions mentioned u/s 10(10D) of Income tax Act.
27 February 2008
Hope this is an individual Life policy
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