News From Press How to save taxes if aggregate premium of your life insurance policy exceeds Rs 5 lakh in a year?

How to save taxes if aggregate premium of your life insurance policy exceeds Rs 5 lakh in a year?

Source: Financial Express Feb 8, 2023

The Union Budget 2023 introduced several changes in personal and direct taxes. One of the most talked about changes that was brought in was for the insurance sector. Insurance with premiums above Rs 5 lakh is to be now taxable. Earlier, people used to buy insurance to ensure protection of their families and claim tax, but now that will not be possible.

Read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Year-end portfolio rebalancing: Are you on track?

You're doing SIPs, but are you doing it smartly?

Looking for predictable returns in fluctuating interest rate market? Check out target maturity funds

Alternative investment funds gain currency as fundraise tops Rs 5 trillion

Big insurance overhaul: Draft ready, new India cover story awaits green light

India: New entrants and digital players intensify competition

The rise of private credit: Bridging gaps in financing amid regulatory scrutiny

Retirement planning: Want regular pension after retirement? How to choose the right annuity plan

Use market rebound to prune exposure to thematic funds

Small dip in state’s equity MF AUM after 18-month bull run

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS