https://www.taxtmi.com/acts?id=18683 Any person responsible for paying to a resident any sum under a life insurance policy, including sums allocated by way of bonus, other than amounts not includible in total income under the insurance exemption, shall at the time of payment deduct income-tax thereon at the rate of two per cent; provided no deduction shall be made where the amount of such payment or the aggregate amount of such payments to the payee during the financial year is below the specified threshold. en-us Fri, 11 Jul 2014 16:23:03 +0530 Fri, 11 Jul 2014 16:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18683 Any person responsible for paying to a resident any sum under a life insurance policy, including sums allocated by way of bonus, other than amounts not includible in total income under the insurance exemption, shall at the time of payment deduct income-tax thereon at the rate of two per cent; provided no deduction shall be made where the amount of such payment or the aggregate amount of such payments to the payee during the financial year is below the specified threshold. Act-Rules Bills Fri, 11 Jul 2014 16:23:03 +0530 https://www.taxtmi.com/acts?id=18683