The maturity proceeds of ₹1,13,580 was given on 9 December 2022. It included a final bonus of ₹16,500, while ₹3,075 was deducted as tax under section 194DA.
In my Form 26AS, LIC has combined all the payouts ( ₹61,500) for FY2022-23, the year of policy maturity. I’m uncertain whether this consolidated amount should be included in my income tax return (ITR) for the current fiscal.
If it should be included, what is the amount to be shown in the ITR and which ITR form is applicable here?
—Name withheld on request
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