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metured LIC amount is taxable are not

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(Querist)
24 November 2016 sir. I have received 1.50 lakh( lic metured) amount last year. now my question is this amount is taxable are not if yes under which section. and fully amount is taxable are some part of it. pls help me
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Sandeep Dharar

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Sandeep Dharar (Expert)
25 November 2016 Moin please visit the following link for full details regarding the topic:-

http://taxguru.in/income-tax/life-insurance-premium-tax-benefit-payment-maturity.html

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