Sunday 21 July 2019

Income Tax rule on Lic maturiy amount, Lic Policy ki maturity amount ka income tax rule


This video about income tax deduction under sec.80c.When our lic policy is mature, we get sum insured amount with bonus. According to income tax act all maturity amount are not exempt. If you maturity amount is excess then 1 lakhs and you have paid annual premium 10% excess of sum insured amount then your maturity amount is not exempt and tds will be deduct by life insurance company.

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