https://www.taxtmi.com/manuals?id=3971 Exemption applies to sums received under a life insurance policy, including bonuses, but specified exceptions render certain receipts taxable: disability-linked receipts, Keyman insurance proceeds, receipts from policies issued after the cutoff dates where annual premiums exceed prescribed proportions of the capital sum assured, and receipts for policies on lives of specified persons exceeding premium thresholds. Death benefits remain exempt without condition, and unconditional exemption applies to policies issued before the earlier cutoff. en-us Fri, 22 Dec 2023 12:18:00 +0530 Tue, 09 Jan 2024 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3971 Exemption applies to sums received under a life insurance policy, including bonuses, but specified exceptions render certain receipts taxable: disability-linked receipts, Keyman insurance proceeds, receipts from policies issued after the cutoff dates where annual premiums exceed prescribed proportions of the capital sum assured, and receipts for policies on lives of specified persons exceeding premium thresholds. Death benefits remain exempt without condition, and unconditional exemption applies to policies issued before the earlier cutoff. Manuals Income Tax Fri, 22 Dec 2023 12:18:00 +0530 https://www.taxtmi.com/manuals?id=3971