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What is Life Insurance Tax Deductions Explained about?

The document discusses various clauses under Section 10 and Section 80DD of the Indian Income Tax Act of 1961. Section 10(D) provides that any sum received under a life insurance policy, including bonuses, are exempt from tax except for certain specified cases such as sums received under Section 80DDA or under a keyman insurance policy. Section 80DD provides tax deductions for individuals incurring medical expenses for disabled dependents or depositing amounts in disability schemes for maintenance of su

Author

120133

Language

EN