I have a TATA AIA MAHALIFE GOLD Life Insurance policy with Savings Plan with sum assured for 6L.The premium paid for this policy is eligible for 80C .This policy gives unguaranteed coupons from 6th year and guaranteed coupons at 5.5% of Sum Assured from 10th year.
This is the plan.
https://www.myinsuranceclub.com/life-insurance/companies/tata-aia/mahalife-gold
In FY 2021-2022 i received a cash dividend NEFT by them for 33000 INR i.e 5.5% of 600000.Is this dividend taxable and should i add it to my income and tax it according to my slab?
CAclubindia
