Section 194DA TDS on Life Insurance Maturity (2026): 2% Rate, ₹1 Lakh Limit & Section 393 Explained
Section 194DA deducts 2% TDS on the income part of a life insurance payout above Rs 1 lakh a year — but only if the policy is not exempt under Section 10(10D). Learn the rate, threshold, worked examples and how to avoid it.