Tax provision on maturity payment received from PNB Met life policy
This query is : Open
14 February 2024
Respected Sir,
My client is a senior citizen as per income tax act. He has received the amount form PNB on maturity of policy named PNB Met life policy.
So I want to know that the amount received by him will be taxable or not.
He chose new tax regime
My client is a senior citizen as per income tax act. He has received the amount form PNB on maturity of policy named PNB Met life policy.
So I want to know that the amount received by him will be taxable or not.
He chose new tax regime
14 February 2024
If The said insurance as EEE then it's not taxable in the hand of insured person....
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