The government has made a big announcement in the budget regarding investment in life insurance. If the annual premium of life insurance policy is Rs 5 lakh, then the government will charge tax on the amount received on maturity.
The government has made a big announcement in the budget regarding investment in life insurance. If the annual premium of life insurance policy is Rs 5 lakh, then the government will charge tax on the amount received on maturity. However, this condition will apply to that life insurance policy.
Which will be bought on or after 1st April. This condition will not apply to an already running policy. There has been no change in the terms of the claim.
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