https://www.taxtmi.com/acts?id=41898 Income chargeable to tax on sums received under a life insurance policy is computed by deducting eligible premium paid from the amount received. The rule applies differently in the first previous year and in later years, and excludes premium already claimed as deduction or counted earlier. The term covered excludes amounts exempt under section 10(10D), unit linked insurance policy receipts, and income referred to in section 56(2)(iv). en-us Thu, 17 Aug 2023 13:22:36 +0530 Tue, 19 May 2026 13:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41898 Income chargeable to tax on sums received under a life insurance policy is computed by deducting eligible premium paid from the amount received. The rule applies differently in the first previous year and in later years, and excludes premium already claimed as deduction or counted earlier. The term covered excludes amounts exempt under section 10(10D), unit linked insurance policy receipts, and income referred to in section 56(2)(iv). Act-Rules Income Tax Thu, 17 Aug 2023 13:22:36 +0530 https://www.taxtmi.com/acts?id=41898