Maturity Proceeds Taxation

Tax Glossary Definition

Maturity Proceeds Taxation

Refers to the tax implications on the amount received at the time of maturity or redemption of financial instruments such as deposits, insurance policies, or investment schemes. The taxability depends on the specific nature and terms of the instrument. Example: Interest of ₹50,000 earned on a matured Fixed Deposit (FD) is fully taxable as “Income from Other Sources.”

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