
Taxation of life insurance policies in India is generally assumed to be exempt however it is not so in all the cases. This video is an effort to discuss the taxation …
Taxation of life insurance policies in India is generally assumed to be exempt however it is not so in all the cases. This video is an effort to discuss the taxation …
Pl. advise In which head, monthly pension through LIC will come
Excellent Video Anoop ji. One question for a 10 year policy if the premium paid for one year went above 20% will my entire policy payout become eligible for taxation( scenario where policy was taken before 2012). Kindly let me know your opinion.
Sir, isme surrender of life insurance policy ka discussion nhi hai…..policy surrender par tax implication pe ek shorts video bana dijiye na….i had surrendered a policy, i hav to File it inn ITR this month, plz sir
Hlo sir please ek baat baatiye maine apne saving ac main 60000 rs jama kiye the phir wo maine 5000 ya 10000 krke UPI krke khatam krdiye the phir papa ne mere ac main kbhi 25000 rupay Dale kbhi 10000 krke 75000 tk Dale aur phir voh UPI ke through kharch hogye aur money b aayi mere pass khi se 1.5 year ke andar mere ac main km se 2 lac tk ki transaction hui toh notice aayega merpe please reply
Because of we are getting benefit in 80C, therefore whole amount will be taxed.
Thank You For The Video.
Insurance ko agents yahi bolkar bechte hai ki inse generated income aur investment totally tax free hai…
Please is par detailed video banayein aur hum sb logon ko guide karein..
Sir I took an annual policy of 24000 / – of sbi life in 2010. If the amount surrendered in 2021 was 445000 / – then what amount is considered taxable? My gross income for the year 2021-22 is around 7 lakhs.
Hello Sir,
Below are my Income details.
Can you please make the video about how to calculate Income tax payable for the financial year 2021-22?
If I have to pay income tax, in that case please suggest whether there is any need for investment or is there any other exemption?
Income from Salary Monthly
Basic 33000
HRA 16500
Conveyance Allowance 16040
LTA 2750
Medical 2750
_______________________________
Gross Salary 71040
(-) Provident Fund 3960
(-) Profession Tax 200
_______________________________
Net Salary 66880
_______________________________
Income from Health Insurance Agent Commission
Total Commission 41211
TDS 2063
_______________________________
Total Comm. In Hand 39148
________________________________
LIC 50498
PPF 52000
Mediclaim 23363
House Rent Monthly 13000
Hi Sir,
Can I share my income details with you for the FY 2021-22 to calculate income tax?
I would like you to make a new video regarding calculation of income tax with my income tax? It will help people like me.
Is Term insurance cover taxable?
Please reply ?
Nc
And thank you very much for sharing this information with us.
Hi Sir,
I purchased Endowment policy on February 2008 (Annual Premium – 23967 and Sum Assured is 5 Lac) and Jeevan Saral (Annual Premium – 24100 and SA is 5 Lac) in January 2009. I have already surrendered Jeevan Saral in March 2021 and Endowment in April 2021. In this case my surrender value is taxable ??
sir mene icicipru life insurance policy date march 2003 half year payment 15000 thousands
maturity amount 1100000 Tax liberty kitni hogi
Annuity income taxable h ? If yes please advise reason
Sir if a person has lic with SA 20lac and paying perimum of 55k yearly to kya in this case maturity amount jo bhi ho taxable hoga ya nahi
Sir, i am receiving bonus every year of policy whose premium was less than 20% of summ assured taken before 31.3.2012. Is bonus also exempt?
For 10(10d) exemption, the premium criteria of 10% of sum assured is inclusive of gst or not?
Suppose sum assured is 5 lakhs and premium paid is 50000 + GST then is it exempt or taxable?
Sir how much tax shud I pay if I surrendered my policy for loss
good