How to buy life insurance to maximise tax-free maturity amount after CBDT's new curbs

The Central Board of Direct Taxes (CBDT) has issued guidelines in August 2023 on how tax-exemption on maturity amount received from life insurance policies (except Ulips) would be calculated. The new guidelines have been issued after Budget 2023 put a cap on annual premium till which tax-exemption on life insurance policies will be available from April 1, 2023.

from Tax-Wealth-Economic Times https://ift.tt/RzAkM3U