i had a policy of life insurance and in 2017 i got an amount on maturity of policy. so does that amount taxable?
i had a policy of life insurance and in 2017 i got an amount on maturity of policy. so does that amount taxable?
Its not taxable if premium paid is less than 10% of sum assured.
What was your premium amount?
And sum assured?
And date of policy taken?
Date 2000?
Premium amount which was paid every year i want.
On what date had you taken policy?
Your premium % is 11.36%
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