insurance policy – OnlineTaxUpdate

Life insurers offer NRIs refund of GST paid on term insurance premiums Irrespective of where in the world you live, a financially secure future for your family must be the universal foundation of your financial planning. This is why the…

Income Tax in Media

New income tax rule: Proceeds from life insurance policy with premium of over ₹5 lakh to be taxable

byAdmin06/02/202306/02/2023

Proceeds from life insurance premium over the annual premium of ₹5 lakh would be taxable from new financial year i.e. from 1st April 2023. The Finance Minister Nirmala Sitharaman made an announcement about this change in income tax rules while…

Tag: insurance policy

GST refund on premiums makes term insurance more attractive for NRIs

New income tax rule: Proceeds from life insurance policy with premium of over ₹5 lakh to be taxable