Members' total contribution is entitled for deductions under Sec. 80C of the Income Tax Act, 1961. The entire claim amount payable on retirement or leaving service or on death is free from income-tax deduction under Sec. 10(10D) of Income Tax Act, 1961. In future Tax Benefits to the Member/Beneficiary under the Scheme will be as per prevailing statutory. Sahara Life reserves the right to withhold from settlement proceeds such taxes, charges or levies as may be applicable from time to time. Sahara Life also reserves the right to recover such taxes, charges or levies including Service Tax as may be imposed on insurance transactions including contributions made by individual members.
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