Paragraph match score 79.6%
Page A-561
Key Takeaways
Maturity benefits are eligible for tax exemption under Section 10(10D) of the Income Tax Act as long as some conditions are fulfilled.
Page A-592
Key Takeaways
Certain life insurance policies , like endowment plans, provide additional bonuses that accumulate over time , increasing the maturity benefit. Under Section 10(10D) of the Income Tax Act , life insurance maturity proceeds may be tax-free if specific conditions are met.