Keyman insurance policy

This query is : Resolved

Sanju (Querist)
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30 June 2016 Individual has received Keyman Insurance policy maturity proceeds after being surrendered amounting to Rs. 60 lakhs approx.

Is there any way to save tax on such proceeds??

Rupesh Jain

Rupesh Jain (Expert)
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30 June 2016 its tax on hand of employee under section 17.

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