Taxation on Maturity Benefits: What Every Policyholder Must Know!

Unknown Apr 02, 2026 3,150 Views

The maturity of life insurance policies in India are normally tax-free according to Section 10(10D) of the Income Tax Act. This exemption will apply to the entire maturity received, including bonus, subject to conditions. Under policies issued on or after April 1, 2012, the premium should not exc...

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