CBDT Introduces New Rules For Calculating Tax On Life Insurance Premiums Above Rs 5 Lakh – Top Speed News
Curated By: Business Desk Last Updated: August 18, 2023, 17:22 IST The Central Board of Direct Taxes (CBDT) has stepped in with new rules for calculating income proceeds from life insurance policies with annual premiums exceeding Rs 5 lakh. The new rules were announced this Wednesday. CBDT has rolled out the Income Tax Amendment (Sixteenth…