Bank Death Claim and Tax implications

[Urbanrider9157]

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Urbanrider9157
PARTICIPANT
March 13, 2025 at 3:18 pm

I have 25 lakh Rs in my bank account. I have added a single family member as the nominee in this account. In case of my death this family member would receive the sum but will he/she be taxed for this sum of 25lakhs?

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[User_8dd634fc]

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User_8dd634fc
PARTICIPANT
March 13, 2025 at 3:51 pm

No.

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