TDS 20% FROM LIC MATURED AMOUNT .

PALASH (Nothing) (2000 Points)

13 October 2014  

" FROM NOW, 20% TDS FROM LIC MATURED AMOUNTS "..

From now, If any matured amount ( whether Money back / surrender value / any proceeds ) exceeds of Rs 1 LAC within a year from LIC of India , then LICI can deduct TDS 20% ( for Policy holders having No PAN card ) & 2% ( with PAN ) from their matured figures.

Regards