How to use this calculator
- Enter the annual premium, the sum assured, the policy date and the maturity amount.
- Choose the date of issue of the policy to match your situation.
- Read whether the proceeds are exempt and the taxable gain if not in the result.
The test depends on the premium paid across policies; add up the premiums of all your policies.
The result is an estimate for the figures you enter. It is not a filed return, a certificate or professional advice. Rates, thresholds and section numbers change with each Finance Act, and the Income-tax Act, 2025 applies from 1 April 2026 with new section and form numbers.
For the related work, see Income tax return (ITR) filing.
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