Question

Mr. 'X 'receives Rs. 5,50,000 from Life
Insurance Corporation on maturity of his
endowment policy which includes a bonus
Rs 1,50,000, the amount chargeable to
income tax is:---
Rs.5,50,000
Rs.1,50,000
Rs.4,00,000
Nil​

Answer 1

I understand your question but you have written nil what is the meaning of it and write full question ok