https://www.taxtmi.com/acts?id=18930 Deduction at source is required on sums paid under a life insurance policy, including bonuses, except to the extent those sums are excluded as tax exempt insurance receipts. The payer must deduct tax at the prescribed rate on the income component of such payments at the time of payment, but no deduction is required where the aggregate payments to the payee in a financial year fall below a specified monetary threshold. en-us Sat, 16 Aug 2014 16:37:48 +0530 Thu, 28 Aug 2025 16:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18930 Deduction at source is required on sums paid under a life insurance policy, including bonuses, except to the extent those sums are excluded as tax exempt insurance receipts. The payer must deduct tax at the prescribed rate on the income component of such payments at the time of payment, but no deduction is required where the aggregate payments to the payee in a financial year fall below a specified monetary threshold. Act-Rules Income Tax Sat, 16 Aug 2014 16:37:48 +0530 https://www.taxtmi.com/acts?id=18930