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Ms Chhavi Rajput
On 12/15/18, 8:25 AM
As per section 194 DA of Income tax Act 1961, maturity of Life Insurance policy attracts a (Tax Deducted At Source) TDS @ 1% if such withdrawl is not exempt under Section 10(10D) and if gross payment under all such policy does not exceeds Rs.1 lakh
Section 10(10D);
1 ) Premium does not exceeds 10% of the capital sum assured(policies  issued on or after  01 April 2012)

2) Premium does not exceeds 10% of the capital sum assured( Policies issued on or after 01 April 2013)

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Asked: 12/15/18, 4:28 AM
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Last updated: 12/15/18, 8:25 AM