Group Insurance

group insurance amt received at the time of retirement to the government teacher are taxable or not???
and if not taxable then in which section it is exempt????
is it included in total income???
Replies (2)
Quick Summary
This discussion explores the taxability of group insurance amounts received by government teachers upon retirement. It clarifies whether these payouts are taxable and, if not, which sections provide exemption. The taxability often depends on the specific group policy terms and current tax laws, with insurers typically providing this information. Note that TDS may be deducted if the amount exceeds £100,000.

All depend upon group policy terms vis-a-vis current tax provisions.

Usually Group Insurer will provide taxability details alongwith maturity amount.
If amount exceeds 100000 they will deduct tds

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