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Insurance Sector

- - - - - Insurance Sector Insurance

55 replies to this topic

#55
Rehan sh

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    Insurance – Negative
    ?Tax credit for investment in health insurance has been introduced up to Rs100,000 or 5% of income whichever is lower, which is a positive for the sector.
    ?Advance tax has been introduced at 4% for general insurance and at 1% on life insurance on insurance premium (if exceeding Rs200,000/annum).
    ?Entire income of insurance business proposed to be taxed at corporate tax rate of 31%. Out of the listed insurance companies, AICL, EFUG, IGIIL and PAKRI with lowest effective tax rates are expected to witness a negative impact of 6-20% on their bottom-line.

    jsgcl
    Note:Do your due diligence before making any investment decision.

    Thank You & Regards
    Rehan Sh


    #56
    aabugvi

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    Any news about this sector.
    kab chla ga.govt na kuch relif dia ka nahi






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