Insurance All you need to know about life insurance and its tax implications

All you need to know about life insurance and its tax implications

Source: Business Standard May 28, 2015

Most retail investors use insurance products as tax saving instruments. Under Section 80C of the Income Tax Act, life insurance premium up to a maximum of Rs 1.5 lakh per financial year qualifies for tax deduction. Most of us leave tax planning till the very end of financial year.

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