Section 10(10d)

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harsh (Querist)
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23 December 2015 life insurance policy, sum assured :707000, premium installment:101000, which amount is exempt on maturity u/s 10 (10D)

CA Rinkal

CA Rinkal (Expert)
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24 December 2015 dear

10 (10D)- says the amount which you received on maturity will be exempt...

while 101000 is premium... hope you can understood what will be the maturity value..?? i.e. 707000

harsh

harsh (Querist)
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24 December 2015 Sir, on maturity assume received 807000 than which amount exempt.

CA Rinkal

CA Rinkal (Expert)
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24 December 2015 807000

whatever maturity will you received, that will be exempt u/s. 10(10D)

harsh

harsh (Querist)
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24 December 2015 Premium is greater than 10% of sum assured, so as per u/s 10 (10D ) is claim able.

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