https://www.taxtmi.com/caselaws?id=791101 Life insurance maturity proceeds are taxable under section 10(10D) where the premium payable exceeds 20% of the actual sum assured for policies issued during the relevant period. The taxable amount is the gross maturity receipt; the provision does not permit the insurance premium paid to be deducted from that receipt. The premium also does not qualify as expenditure incurred wholly and exclusively for earning the maturity proceeds. Consequently, the insured cannot reduce taxable maturity income by the premium amount. en-us Wed, 15 Apr 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791101 Life insurance maturity proceeds are taxable under section 10(10D) where the premium payable exceeds 20% of the actual sum assured for policies issued during the relevant period. The taxable amount is the gross maturity receipt; the provision does not permit the insurance premium paid to be deducted from that receipt. The premium also does not qualify as expenditure incurred wholly and exclusively for earning the maturity proceeds. Consequently, the insured cannot reduce taxable maturity income by the premium amount. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791101