Hi,

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?