Section 10(10D) Tax Checker

Check if your life insurance maturity proceeds are tax-free under Section 10(10D) of the Indian Income Tax Act.

Quick Eligibility Check

1. Annual Premium Limit

Is your annual premium less than ₹5,00,000 (for policies issued after April 1, 2023)?

Policies with higher premiums are now taxable upon maturity.

2. Sum Assured Ratio

Is your Sum Assured at least 10 times the annual premium?

  • Issued before April 2012: 5 times sum assured required.
  • Issued after April 2012: 10 times sum assured required.

3. ULIP Specifics

For ULIPs issued after Feb 1, 2021, is the total annual premium less than ₹2,50,000?

Conclusion: If you meet all the criteria above, your maturity proceeds are likely 100% tax-free. If not, the gains (Maturity amount minus total premiums) are added to your income and taxed at your slab rate.