The entire amount that you have received from your insurance company as maturity benefit, i.e. Rs 97000 should be tax free under section 10(10)D provided your Sum Assured is 5 times the Annual Premium that you have paid in ALL the years. If this rule has been exempted even in 1 year, the returns would not be tax free and you would be required to pay tax on the same. Hope your query is resolved. If not, please feel free to get back to us and we wil try to resolve your query at the best.
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