POSTED BY September 21, 2014 10:30 pm NO COMMENTSON
I have paid 1L over 5 years(5K quaterly) across 6 Financial years.
First Premium of 5000 was paid in Sep 2008 and last in Jun 2013.
So per financial year tax exemption claim are for:
Now the fund value is 1.3L
Now if I withdraw the amount in Nov 2014. I would have completed 6+ years with the policy. Will I be liable for any Tax for previous years? and also for the 30K I am profiting?