Is Insurance Income Taxable?
Channel: Shoonya by Finvasia
Date: 2023-06-02

Did you know that insurance income has become taxable only if your annual premium exceeds Rs 5 Lakh per year in a single policy or across multiple policies purchased after 01-04-2023?
But here's the good news: This tax is applicable only to life insurance policies and not ULIP plans. Stay financially savvy and secure your tomorrow wisely! 

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