Your Taxes

Sudhakar Sethuraman
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Through this column, I understood that the entire maturity proceeds or surrender value of Insurance policies are taxable if the annual premium exceeds 20 per cent or 10 per cent of the policy amount depending on the date of issue. Will these rules apply for the Pradhan Mantri Vaya Vandana Yojana scheme for senoir citizens also? In case the policy holder dies and the nominee receives the amount, wi...
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