Postal life insurence

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1 Points Posted on 03 February 2020
is Postal life insurence is taxable?
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On 03 February 2020 at 10:01 Report
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Postal life insurance is generally not taxable, provided specific conditions are met as outlined in Section 10(10D) of the Income Tax Act. This section details the criteria that must be satisfied for the policy's benefits to be exempt from tax. Therefore, by adhering to these stipulations, your postal life insurance can indeed be tax-free.

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SEO Sai Gr. Hosp.
212569 Points Posted on 05 February 2020

Not taxable, provided conditions as per sec. 10(10D) of IT act are satisfied.

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On 05 February 2020 at 10:15
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45 Points Posted on 05 February 2020

yes, condition specified in section 10(10d) shall be checked for taxability of postal insurance. so it not taxable.

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On 05 February 2020 at 13:02

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