Hi, I have LIC JEEVAN SARAL policy started in 2008. Though it allows for partial withdrawals after 10 yrs, i planning it for my retirement purpose. so will withdraw all amount on maturity after 35 yrs.
But as per new tax code proposed in 2011, will that final withdrawal will be taxable / will be tax-free? ( As per the new tax code, PPF withdrawals will be taxable)