Tag: insurance premium
Panels on GST rate rationalisation, cutting tax on insurance premium to meet on Saturday
New Delhi: The two ministerial panels set up by the GST Council are slated to meet on October 19 to discuss GST rate rationalisation and…
GST Council to deliberate on taxation of insurance premium, report on online gaming
The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and…
Govt collects Rs 8,263 cr towards GST on health insurance premium in FY’24
The government has collected Rs 8,263 crore towards GST on health insurance premium in 2023-24 fiscal year, Parliament was informed on Monday. The Minister of…
Withdraw 18% GST on life and medical insurance premium: Gadkari writes to FM Sitharaman
Nitin Gadkari has urged the finance minister to withdraw Goods and Services Tax on premiums paid for life and medical insurances, a move that will…
Life insurance companies paid over Rs 42,000 crore as commissions in FY 2022-23: Irdai report
The Insurance Regulatory and Development Authority of India (Irdai) has released its FY 2022-23 annual report. As per the report, the life insurance companies paid…
Life insurance proceeds taxable for premium over Rs 5 lakh
For life insurance policies issued on or after 1 April 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if…
Term Insurance Plan: Which term insurance plan is best for you?
Insurers have crafted variations of term plans to suit different buyers and situations. Find out which suits you best. Increasing cover planThe life cover increases…