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How do I report LIC payouts in my ITR?

We understand that you had purchased a life insurance policy from LIC in 2013 and had made a one-time premium payment of ₹100,155 towards purchasing this policy. ....

Income Tax Act , Bima Bachat , Life Insurance , Lics Bima Bachat Plan 175 , Premium Payment , Sum Assured , Maturity Proceeds , Income Tax Return ,

I-T Department Introduces New Rules For High Life Insurance Premiums; Check DEETS Here

If you take out a life insurance policy with an annual premium of more than Rs 5 lakh, the maturity proceeds will be taxable. ....

New Delhi , It Department Introduces New , Income Tax Department , Income Tax Amendment , Sixteenth Amendment , Central Board , Direct Taxes , New Rule , Finance Act , Miss Out , New Rules , High Life Insurance Premiums , Maturity Proceeds , Income Tax Amendment Sixteenth Rules , Rule 11uaca , Union Budget 2023 24 , Insurance Products , Tax Benefits , Income Tax , Life Insurance ,

Are maturity proceeds of single premium policy fully taxable?

Maturity proceeds under single-premium life insurance policies are not exempt. Premiums exceeding 10% of the sum assured are taxable. Indexation benefits may be available for long-term capital gains ....

Maturity Proceeds , Single Premium Policy , Long Term Capital Gains , Indexation Benefits ,

Life insurance companies stare at life beyond tax tweaks

Insurance Regulatory and Development Authority of India’s (IRDAI) monthly data shows that the annualized premium equivalent (APE) has been muted for the first two months of FY24. ....

Avinash Singh , Life Insurance Corp , Emkay Global Financial Services , Life Insurance , Emkay Global Financial , Jefferies India , Birla Sun Life , Update Sector Life Insurance Sales Growth , Life Insurance Companies , Retail Ape , Tax Changes , Private Life Insurance Companies , Life Insurance Corp Of India , Individual Savings Businesses , Maturity Proceeds , Unit Linked Insurance Policies , Jefferies India Analysts , Hdfc Life , Non Participating High Margin Products , Term Insurance ,