LIC Receipt Other Then On Maturity Of Endowment Policy Whether Taxable Or Not?
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Payout received on endowment policy
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If it was purchased before april 2012, then its sum assured should have been atleast 5 times of annual premium and if purchased after april 2012 then the sum assured should have been 10 times of annual premium to make your policy non taxable. Depends upon TDS applicability!!
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