Home Query on LIC policy TDS deduction.

Query on LIC policy TDS deduction.

1.22K viewsTDS

Taxability of proceeds from surrender of LIC Policy where premium is more than 20% of sum assured and TDS deducted on proceeds received

please clarify….

Changed status to publish
Add a Comment

Where premium is more than 10% or 20% of the sum assured, money received from life insurance policy is fully taxable.

Answered question
Add a Comment
You are viewing 1 out of 1 answers, click here to view all answers.
Write your answer.

Question stats

  • Active
  • Views1223 times
  • Answers1 answer


Search questions