Estate duty exemption for group insurance payouts on employee death under employer schemes, subject to scheme-prescribed limits. The Central Government, under sub-section (2) of section 33 of the Estate Duty Act, 1953, directs that no estate duty shall be payable in respect of moneys payable on death under the Central Government Employees Group Insurance Scheme, 1980, or under any employer-sponsored group insurance with the Life Insurance Corporation of India, subject to the maximum limit available under the Central Government scheme as in force on the date of publication.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Estate duty exemption for group insurance payouts on employee death under employer schemes, subject to scheme-prescribed limits.
The Central Government, under sub-section (2) of section 33 of the Estate Duty Act, 1953, directs that no estate duty shall be payable in respect of moneys payable on death under the Central Government Employees Group Insurance Scheme, 1980, or under any employer-sponsored group insurance with the Life Insurance Corporation of India, subject to the maximum limit available under the Central Government scheme as in force on the date of publication.
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