tax query

AS PER MY OPINION

ALL THE AMOUNT U RECD BECOME TAXABLE

Originally posted by : Dheeraj
	AS PER MY OPINION   ALL THE AMOUNT U RECD BECOME TAXABLE

Agree with Mr.Dheeraj

no amount will be taxable.

My opinion

you will got only benefit of surrender value & the whole amount  received is tax free.

If the policy is a life insurance, i.e. with a life risk cover, no amount will be taxable. However if it is a pension plan, whole amount will be taxable.

Originally posted by : Ankit
	If the policy is a life insurance, i.e. with a life risk cover, no amount will be taxable. However if it is a pension plan, whole amount will be taxable.

yes it is a r8 answer

Dear Friend..

          The Policy Surrendered Amount is Fully Exempt From Tax under Section 10(10D)

Bcause This Section Not Specify The Surrendered Policy...

REGARDS.,

ThirU

FULLY AGREED WITH THIRU.....

REGARDS,

MANOJ

Yeah its expemt u/s 10(10D)

If the policy is a life insurance, i.e. with a life risk cover, no amount will be taxable. However if it is a pension plan, whole amount will be taxable.

Yes it is exmept

shailesh

I agree with thiru

Dear Sir,

Its depend on your Insurance Plane if it is Pension Plane then 1/3 amt is tax free & rmain taxable.

& in case of surder befroe maturity Date In ULIP plan acc. to your plane taken there are specifc slab of surrender amt. like in ICICI Life stage pension if you surrender on 5th yr.then u get 98% of Fund Value

1/3 tax free & on remain amt . tax ve to pd.