In 2022-23, it collected gross premiums of ā¹21,381 crore, with investment income at ā¹11,908 crore, and revenue surplus after tax at ā¹24,559 crore.Ā As an insurance company, it has an actuarial valuation for liability as of 31 March 2023 at ā¹12,174 crore, but surplus collection to date beyond actuarial liability totalled ā¹1,57,427 crore. The total…
West Bengal Chief Minister Mamata Banerjee on Thursday, August 1, urged the Central government to roll-back Goods and Services Tax (GST) from life insurance and medical insurance premiums. Mamata Banerjee said GST on insurance premiums affects people’s ability to take care of their basic needs. In a post on X, Mamata Banerjee said, āOur demand…
Taxpayers are expecting stab-rate changes and higher deductions in the old tax regime ahead of the 31 July deadline for filing income tax returns, but Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India believes the old tax regime could be discontinued in phases. While he is not in favour of offering…
