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TAXABILITY ON ULPP SURRENDER BEFORE MATURITY

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(Querist)
17 June 2021 If a person purchases a pension plan of HDFC Life in 2006 but he surrendered that plan in march 2021 which was going to mature in 2025. So what is the tax implication for him ?????
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 September 2021 Generally tax free, unless the premium paid is more than 10% of sum assured.

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