Income tax calculator: How your life insurance policies are taxed — explained
- Income tax calculator: As per section 10(10D) of income tax act, maturity proceeds including bonuses received from regular life insurance policy are fully exempt from taxations
Income tax calculator: Buying a life insurance policy is must to ensure a financially secured life of your family. Though, life insurance policies helps you claim income tax exemption under section 80C on the premium paid for life cover, there are certain tax implications that an insured must look at while buying a life insurance plan.
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