edro, single received the following during the taxable year:   Proceeds of his life insurance paid at an annual premium of P15,000 within 25 years - P2,000,000 Proceeds of his mother's life insurance paid at an annual premium of P10,000 within 20 years - P1,000,000 House and lot inherited from his mother - P4,000,000 Rent income from inherited properties - 200,000 For income tax purposes, how much of the above items must be excluded from his gross income?

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