Union Budget 2023: Maturity Proceeds of Insurance Policies with Premiums Over ₹5 Lakh Now Taxable

  • Maturity proceeds of insurance policies with premiums over ₹5 lakh are now taxable.
  • Tax exemption provided to the amount received on the death of a person insured will not be affected.
  • Insurance policies issued till March 31, 2023 will not be affected.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications