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    HomeNewsBusinessPersonal FinanceHow to minimise your taxes on endowment insurance policies

    How to minimise your taxes on endowment insurance policies

    Budget 2023 taxed maturity proceeds of high-value endowment life insurance policies bought after April 1, 2023. Last week, the government released detailed guidelines on how these would be taxed. The proceeds will fall under ‘income from other sources’ and will be added to your income and taxed as per the slab rate applicable to you.

    Preeti Kulkarni
    February 20, 2024 / 19:28 IST
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