IINCOME TAX: HERE'S HOW LIFE INSURANCE POLICIES ARE TAXED IN INDIA
As per Section 10(10D) of the Income Tax Act, 1961, death benefits are always tax-free. Maturity benefits, however, are taxed based on the premiums.
The maturity amount from traditional policies is made up of two parts: Read more at https://starhealthdevarajan.com/news/1721
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