lic maturity

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2 Points Posted on 30 August 2018
is lic maturity amount taxable or only the bonus portion taxable or nothing is taxable
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On 30 August 2018 at 15:45 Report
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Nil
2791 Points Posted on 30 August 2018

premium paid less than 10% of sum assured then maturity claim fully exempted

Other wise pay tax on the difference between maturity calim and premium paid

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On 30 August 2018 at 15:50

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