🌺 *Major Insurance Tax proposals (from speech)*
👉 Insurance Policies ( Other than ULIP) Above 5 Lakh Premium- *TAXABLE*
1) Policies Purchased from 1st April 23
2) Premium More than 5 Lakh
3) If 80C Claimed on Premium paid - FULL Maturity Taxed as per Slab
4) If 80C NOT Claimed on Premium paid - Then Maturity Less Premium paid = Profit will be Taxable as per Tax Slab
5) Policies Purchased till *31st March 23 Tax Free Maturity ( Any Amount)*
6) Policies Purchased After *1st April 23 Tax Free Maturity ( Premium Upto 5 Lakh per PAN card)*
For quick action. Please contact us.
Neeti Kapoor
9899112510
