https://www.taxtmi.com/acts?id=18824 Persons paying sums under life insurance policies to resident payees must deduct income tax at a specified rate at the time of payment on sums paid under the policy, including bonuses, except for amounts excluded from taxable income by the insurance exemption; no deduction is required where the single payment or aggregate payments in the financial year do not exceed the threshold. en-us Mon, 11 Aug 2014 18:03:23 +0530 Mon, 11 Aug 2014 18:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18824 Persons paying sums under life insurance policies to resident payees must deduct income tax at a specified rate at the time of payment on sums paid under the policy, including bonuses, except for amounts excluded from taxable income by the insurance exemption; no deduction is required where the single payment or aggregate payments in the financial year do not exceed the threshold. Act-Rules F. Acts / Amendment Acts Mon, 11 Aug 2014 18:03:23 +0530 https://www.taxtmi.com/acts?id=18824