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Life Insurance amount received after death

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(Querist)
18 September 2021 Dear Sir/ Madam,

Please confirm Life Insurance amount received after death 19.5 lakh is taxable or exempt.

Thanks in advance.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 September 2021 If death claim received by beneficiary of the policy, then its tax-free.

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