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Money back policy Survival benefit credit

Others 392 views 5 replies
We are happy to inform you that the Survival Benefit amount of ₹45,070 / for your above mentioned policy has been paid through NEFT / IMPS

Sir is this pay out is taxable as other income receipt under Sec 56 or an exemption being Capital receipt on Life insurance policy
Replies (5)

It is exempt u/s. 10(10D), provided the policy satisfied the conditions as per the subsection.

Thanks for the clarification. It was needed much for filing Return without a single doubt..

To confirm, whether any TDS was deducted?

No TDS on money credited

Correct. It is exempt.        


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