Section 194D tds on lic maturity

It will be exempted, coz.. at the time of giving premium greater that 10% of sum assured would not be allowed as deduction under section 80C

Sir are you sure it will be exempt as tds will be deductible and yes under 80c deduction was not allowed
but i am still confused about taxbility

TDS deduction is obligatory on policy maturity under 194D

However here it's a policy not recognised for 80C purposes and hence it's a mere investment type policy.

Any excess than premium paid will be taxable under IFOS.

Alongwith maturity letter, you get a letter of break up amounts which it indicates.

I think Kapadiya Sir, you have given the right answer

@ Deepak ji
It's not exempt...if premium is more than 10%/20% as the case may be

Incase an assessee receives LIC maturity which is not exempt u/s 10(10D), (as in your case ) than [ Maturity Amount less all Premium paid ] by you is taxable as income from other sources. and you can claim TDS which is deducted, in your IT return.

So, Total/Gross amount is not taxable, only Income portion is taxable.