TDS of 5% not applicable on term plan, says Sanjiv Bajaj of Bajaj Capital

CNBC-TV18 2019-07-15

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In the latest Budget, the tax deducted at source (TDS) on life insurance policies will now attract a 5 percent tax on any gains made. So the TDS will now be at 5 percent of net gain versus 1 percent of total maturity amount earlier.
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