tag:blogger.com,1999:blog-8377959253573658242024-03-07T01:29:10.344+05:30SAVE TAX SAVE MONEY | Insurance | Accounting | TaxationWe deals in life insurance, car insurance, car insurance online, vehicle insurance, insurance policy, bike insurance, general insurance, online insurance, travel insurance, health insurance plans, health insurance, term insurance, medical insurance, Income Tax Return, Health Insurance, Car Insurance, Bike Insurance, GST, ReturnPradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.comBlogger65125tag:blogger.com,1999:blog-837795925357365824.post-74626652928532436952018-12-03T13:33:00.000+05:302019-02-23T09:02:21.706+05:30How to Maintain Safe Distance from Income Tax Department?<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZm486pLZLZEWPZ9WGF6diL4iXL2iyg26E3rnRgmT88sChCwpavNyF1lNiTZiX8SM5Ht32USE3uIhlldYR6IrkNUC4O2YV9_BxfR5Wa-j2UPkAinnBiYzCv2VkNt4ki_801FJeP3CN7IA/s1600/tax-notice.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="How to Maintain Safe Distance from Income Tax Department?" border="0" height="123" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZm486pLZLZEWPZ9WGF6diL4iXL2iyg26E3rnRgmT88sChCwpavNyF1lNiTZiX8SM5Ht32USE3uIhlldYR6IrkNUC4O2YV9_BxfR5Wa-j2UPkAinnBiYzCv2VkNt4ki_801FJeP3CN7IA/s200/tax-notice.png" title="How to Maintain Safe Distance from Income Tax Department?" width="200" /></a><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt; line-height: 115%;">In day to day transaction, we do some transaction which
may attract Income Tax Department to serve you a notice ask about. But we
always want to keep an Arm’s Length Distance from the Income Tax Department!</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">But the question here is HOW???<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">Here are lists of expenses/ investments, which at any
point of time performed by you may invite undue attention from the Income tax
Personnel.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">1) Depositing Cash aggregating to Rs.10 Lacs p.a. in your
Savings Bank Account.<o:p></o:p></span></div>
<div class="MsoNormal">
<script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
<!-- AS Unit -->
<br />
<ins class="adsbygoogle" data-ad-client="ca-pub-6064073083500862" data-ad-format="auto" data-ad-slot="5907060326" style="display: block;"></ins><script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">2) Making Credit Card Payments of more than Rs.2 Lacs
p.a.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">3) Investment in Mutual Fund Units worth more than Rs. 2
Lacs.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">4) Investment in Debentures/ Bonds, amounting more than
Rs. 5 Lacs<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">5) Investment in Shares worth more than Rs. 1 Lakh.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">6) Investment in Gold ETF worth more than Rs. 1 Lakh.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">7) Investment in RBI Bonds worth more than Rs. 5 Lacs.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">8) Purchase / Sale of any Immovable Property exceeding
Rs.30 Lacs.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">9) Receipt of Cash Payment exceeding Rs.2 Lacs for sale
of any goods/ services.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">10) Cash deposits or withdrawals aggregating to Rs 50
lakh or more in a financial year in one or more Current Account.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">The Next question which may strike us is how does the
Income tax Personnel get to know about all these activities.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">To keep an eye on such high value transactions of the tax
payers, the IT Department has developed a statement of financial transactions
called <b>Annual Information Report</b>
(AIR).<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">On the basis of this AIR, the department shortlists their
targets and further sends them a notice.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;"><u>What
do you mean by a Annual Information Report (AIR).</u><o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">Annual Information Return (AIR) of ‘high value financial
transactions’ is required to be furnished under section 285 BA of the
Income-tax Act, 1961 by ‘specified persons’ in respect of ‘specified
transactions’ registered or recorded by them during the financial year.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt; line-height: 115%;">Who provides the high value transaction information to
prepare the AIR?</span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;"> <b><i>Banks</i></b></span></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-indent: -0.25in;"><span style="font-stretch: normal; line-height: 18.4px;"><span style="font-family: "arial" , sans-serif;"> </span></span><span style="font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><span style="font-size: 12pt; line-height: 115%; text-indent: -0.25in;">Mutual
Fund Companies</span></span></i></b></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 12pt; line-height: 115%; text-indent: -0.25in;"><span style="font-family: "wingdings";"> </span></span><span style="font-size: 12pt; line-height: 115%; text-indent: -0.25in;">Companies
Issuing Bonds/ Debentures</span></span></i></b></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 12pt; line-height: 115%; text-indent: -0.25in;"><span style="font-family: "arial" , sans-serif;"> </span></span><span style="font-size: 12pt; line-height: 115%; text-indent: -0.25in;">Companies
issuing shares</span></span></i></b></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt; line-height: 115%; text-indent: -0.25in;"><b><i> Credit
Card Companies</i></b></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt; line-height: 115%; text-indent: -0.25in;"><b><i> </i></b></span><b style="font-family: Arial, Helvetica, sans-serif; font-size: 12pt; text-indent: -0.25in;"><i> Sub-
registrar offices on real estate deals.</i></b></div>
<div class="MsoNormal">
<script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
<!-- AS Unit -->
<br />
<ins class="adsbygoogle" data-ad-client="ca-pub-6064073083500862" data-ad-format="auto" data-ad-slot="5907060326" style="display: block;"></ins><script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;"><u>How
can I trace my High Value Transactions reported under AIR?</u><o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">The assessee can trace his/ her high value transactions
reported under AIR, in their 26AS Report under AIR section. Any transaction of
the assessee which has been categorized as a High Value Transaction will be
reflected therein.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">In the end, one last question which everyone might have. </span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;"><b><br /></b></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;"><b><u>How to avoid receiving a notice from the IT
department?</u><o:p></o:p></b></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">The most important step is to file your Income Tax
returns on time and file them correctly.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">Always re-check your Tax Credit with the 26AS statement.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12.0pt; line-height: 115%;">Disclose all your
Taxable as well as Exempt income under the right head.</span></div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com4Shalimar Bagh, New Delhi, Delhi 110088, India28.7164134 77.15458460000002128.6607099 77.073903600000023 28.7721169 77.23526560000002tag:blogger.com,1999:blog-837795925357365824.post-70454632791070193152018-12-03T13:32:00.000+05:302019-02-23T09:02:37.152+05:30GST Returns - Types of Forms and Due Dates<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">'Change is only Constant' because Change in one thing that ends up impacting the other. Goods and Services Tax, popularly known as GST, is a reform for our economy's indirect tax plan. On 8th August 2016, GST Bill (Which was long pending) was passed in Lok Sabha. It was possible after a very long journey flooded with challenges, Confrontations. As last, the GST Bill has entered the phase of implementation, which will come into effect from July 1, 2017. GST would make changes in the tax structure between the Center and the State.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">GST is like Value Added Tax (VAT) that will eradicate the cascade effect/double taxation from the price of goods and services down the value chain. It would surely affect the incidence, structure and calculation of the indirect taxes, which will lead to a comprehensive refurbishment of the current tax system in India.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Here are the list of GST Returns :</span></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 4.65pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 567px;">
<tbody>
<tr style="height: .25in; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="background: yellow; border: solid windowtext 1.0pt; height: .25in; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" valign="bottom" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif; font-size: 14pt;">Sl. No.<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="background: yellow; border-left: none; border: solid windowtext 1.0pt; height: .25in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" valign="bottom" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif; font-size: 14pt;">Return Form<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="background: yellow; border-left: none; border: solid windowtext 1.0pt; height: .25in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif; font-size: 14pt;">Particulars<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 30.0pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">1<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-1<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Details of Outward
Supplies of Taxable Goods or Services or Both effected<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 30.0pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">2<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-2<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Details of Inward
Supplies of Taxable Goods or Services or Both claiming Input Tax Credit<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 45.0pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 45.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">3<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 45.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-3<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 45.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Monthly Return on the
Basis of Finalization of Details of Outward Supplies and Inward Supplies
along with the payment of amount of Tax<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 23.25pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 23.25pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">4<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 23.25pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-4<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 23.25pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Quarterly Return for Compounding
Taxable Persons<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 27.75pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 27.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">5<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 27.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-5<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 27.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Return for
Non-Resident Foreign Taxable Persons<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 22.5pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 22.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">6<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 22.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-6<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 22.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Input Service
Distributor Return<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 25.5pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 25.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">7<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 25.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-7<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 25.5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Return for Authorities
Deducting Tax At Source<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 45.0pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 45.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">8<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 45.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-8<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 45.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Details of Supplies
effected through e-Commerce Operator and the amount of tax collected as
required under sub-Section (52)<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">9<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-9<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Annual Return<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 30.0pt; mso-yfti-irow: 10; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.75pt;" width="73"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">10<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 89.25pt;" width="119"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-9A<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 30.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">Simplified Annual
Return by Compounding Taxable persons registered under Section 10<o:p></o:p></span></b></div>
</td>
</tr>
</tbody></table>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Due Dates of GST Return:</span></div>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 4.65pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 567px;">
<tbody>
<tr style="height: .25in; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="background: yellow; border: solid windowtext 1.0pt; height: .25in; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif; font-size: 14pt;">Sl. No.<o:p></o:p></span></div>
</td>
<td nowrap="" style="background: yellow; border-left: none; border: solid windowtext 1.0pt; height: .25in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" valign="bottom" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif; font-size: 14pt;">Return Form<o:p></o:p></span></div>
</td>
<td nowrap="" style="background: yellow; border-left: none; border: solid windowtext 1.0pt; height: .25in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif; font-size: 14pt;">Due Dates<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">1<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-1<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">10<sup>th</sup> of
Next Month<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-2<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">After the 10<sup>th</sup>
But before 15<sup>th</sup> of Next Month<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-3<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">20<sup>th</sup> of
Next Month<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-4<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">18<sup>th</sup> from
end of the Quarter<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 29.25pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 29.25pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 29.25pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-5<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 29.25pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">20<sup>th</sup> from
end of the month or within 7 days after the last day of validity of registration
whichever is earlier.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-6<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">13<sup>th</sup> of
Next Month<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-7<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">10<sup>th</sup> of
Next Month<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-8<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">10<sup>th</sup> of
Next Month<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-9<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">31<sup>st</sup> December
of Next Financial Year<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 10; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 49.0pt;" width="65"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">10<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 95.0pt;" width="127"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "arial" , sans-serif;">GSTR-9A<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 281.0pt;" valign="bottom" width="375"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "arial" , sans-serif;">31<sup>st</sup> December
of Next Financial Year<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com4India20.593684 78.962880000000041-8.6041045000000018 37.654286000000042 49.7914725 120.27147400000004tag:blogger.com,1999:blog-837795925357365824.post-26580170837236809852018-11-20T15:19:00.000+05:302019-02-23T09:03:02.905+05:30Difference Between Wife And Girlfriend<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc7gzTnPVp3z2TdjswVWA2JreTKaIuFU8T1y6wr-OxNVQTmigngmW-MaEXtoP_Wt3ffbTLlHmJ8ZnlUKxE9npD4uRNDeRKGZyZJOXPBWFPqhk_Wery48uhg8LQfarvS1v1G4TO_V1w_IA/s1600/wife+and+girlfriend.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Difference between Wife and Girlfriend" border="0" data-original-height="188" data-original-width="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc7gzTnPVp3z2TdjswVWA2JreTKaIuFU8T1y6wr-OxNVQTmigngmW-MaEXtoP_Wt3ffbTLlHmJ8ZnlUKxE9npD4uRNDeRKGZyZJOXPBWFPqhk_Wery48uhg8LQfarvS1v1G4TO_V1w_IA/s1600/wife+and+girlfriend.png" title="Difference between Wife and Girlfriend" /></a></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Friends its fun time again. Add some laugh in your busy life. As an LIC agent or customer we always prefer to do compare among insurance company and their products etc.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Here we shall compare between Wife and Girlfriend. Everybody love to have both at a time but which is better. Let's have some comparison.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">What is the Difference between Wife and Girlfriend?</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Great Thought in Modified Version....</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Wife is like a TV </span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Girlfriend is like a MOBILE.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">At home you watch TV,</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">but when you go out you take your MOBILE.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Sometimes you enjoy TV.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">But most of the time, you play with your MOBILE.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">TV is (as good as) free for life.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">But for the MOBILE, if you don't pay, the services will be terminated.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">TV is big, bulky and most of the time old.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">But the MOBILE is cute, slim, curvy, replaceable and portable.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Operational costs for TV is often acceptable.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">But for the MOBILE, it is often high and demanding.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">TV has a remote.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">But MOBILE doesn't.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Most importantly, MOBILE is a two-way communication (you talk and listen)</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">But with the TV, you MUST only listen (whether you want to or not)!!!!</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Last but not least....!</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Yet TVs are superior because</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">TVs don't have viruses,</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">but MOBILE often do....!!!!</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">And mobiles can be easily hacked or stolen.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Take Care.</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Stick to TV only..</span></div>
<div style="text-align: left;">
<span style="font-family: "verdana" , sans-serif;">Issued in Public interest!</span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-53958432694348085912018-08-31T16:18:00.000+05:302019-02-23T09:03:17.635+05:30Can I Change My LIC Agent ?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">One of my client ask me that their LIC agent is not cooperating / assisting to them if he is in need of any query of help, so transfer my policy under your agency name. I told them it is not possible right now because LIC has not provided Agent Portability. So if you are in need of any assistant tel me if I can do so.</span></div>
<div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">During the time of buying the policy, all insurance agent claims big promises like they always take care of your policy, any other services related issue or ready to serve you in case of sudden demise of a policyholder. But the reality is little different. There are many reasons for that. One of them are mostly agent do this profession as <b><i>part time job</i></b>. Hence all agent not committing full time to their service. And this may be possibly that policy holder may not get proper service from their agent. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Majority of Insurance agents does not care for after sales service however, few of them take care of their clients with a hope for further policy or references. </span></div>
<div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><i><b>LIC agent is a salesman who just acts as an intermediate between the customer and LIC of India. Once the plan is sold by the agent to the customer, then you are only a customer of LIC of India and the agent has no liability towards you. </b></i>So, if your agent is not assisting you in depositing LIC Premium, or some other help then you can not do any thing. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The only exception is being that if a plan is sold to you with improper information you can withdraw your insurance policy within 15 days.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">As of now there are no such rules set either by Insurance Companies or from IRDA regarding change / port of Agent.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">But if your agent has died then you can write an application to the branch and ask them to assign your policies in the name of your new agent. But it is possible only if your policy becomes an <b><i>Orphan Policy</i></b>. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The policy (ies) initially effected by an Individual Agent whose services were subsequently terminated or removed from LIC are qualified as Orphan Policy (ies) and are qualified as Orphan Policy for the purpose of Agent Portability Rules. Except the policies whose effecting agent is entitled to <b><i>renewal commission</i></b> under section 44 of the Insurance Act , 1938 and The policies falling under proviso of Rule 10 (4) of LIC of India (Agents) Rules, 1972.</span></div>
</div>
</div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com2Delhi, India28.7040592 77.1024901999999228.2581432 76.457043199999916 29.1499752 77.747937199999924tag:blogger.com,1999:blog-837795925357365824.post-88741034603839958402018-08-28T15:21:00.004+05:302019-02-23T09:03:32.324+05:30Procedure To Change LIC Service Branch<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Many of my clients says that I am from Bihar / Bengal, can i change my policy from Delhi to Bengal / Bihar at my nearest LIC branch. I say yes to them. Person who has taken LIC insurance policy (/ies) can change their policy (/ies) service branch. Service Branch means the branch from where LIC Policy bond has been issued. We all know that LIC of India is India's biggest life insurance company operating since 1956 and having more than 2000 branches across the country. Mostly people who has taken LIC insurance policy and then if they have to shift to some other city or state, and if they feel need to shift their LIC service branch they can do so. For example Ram is doing job in Delhi and he hails from Patna and has taken LIC's Life insurance policy (/ies). Now Ram is thinking to shift to their home town (Patna, Bihar). One thing to remember all LIC insurance policy taker that they have to visit their home branch if it comes some critical matter pertaining to policy. But maximum work can be done at any LIC branch so, don't worry. Now Ram is thinking to transfer their LIC Policy to their nearest branch situated at Patna (home town). </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There are three methods to change / port LIC Branch. So, Ram can opt any one procedure to change LIC Branch. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">1. By Visiting Current Policy Servicing Branch :</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">You can go directly go to your current Policy Servicing Branch with an application and photocopy of LIC policy (/ies) about to transfer your policy from current servicing branch to your nearest branch. Remember to get receiving of your application submitted at branch.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">2. By Sending Request Through Email :</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">You can send an email to the branch manage of your current LIC policy serving branch regarding the change of serving branch of your policy. You need to attach scan copy of all your policy you wants to transfer with your ID proof and address proof with valid reason. Email id of the branch is clearly written on your First Premium Receipts (FPR) and on your Policy Bond in Service Branch Column.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">3. By Sending Request Through Post :</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Write a letter to your LIC Branch about to change the new service branch of your policy ( you must provide them Branch Code and complete address). Attach photocopy of your policy(ies) you want to shift to new branch along with policy holder's self attached ID proof and address proof with a valid reason. Post it through courier / post office, keep the receipt of post and keep tracking with your LIC branch.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>But there are some restriction of Transfer of Policy : -</b></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">1. Policy can not be transferred within one year from date of commencement of such policy.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">2. Premium of such policy (ies) must of showing paid for one year.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">3. Lapsed policy can not be transfer / shift. It can be only after revival of that policy.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">4. Policy which are to be mature within one year can not be transfer to any other branch office.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">5. Only policy in-force can be transfer.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">6. Policy under convertible Guaranteed Triple Benefit Plan , Whole life Plan and Children's Deferred Endowment Assurance plan where date of exercising option/adoptions under the policy's fall due in the course of one year following the date of request for transfer should not be transferred unless the option/adoption in the case of GTB / CDA policy has been exercised/ completed.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">7. Salary Saving Scheme (SSS) policy, can be transferred to another branch office or Division office even though it is in lapsed condition with specific request made by policy holder that he will revive such policy after transfer to the new office. </span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-41769463237786132472018-07-27T16:05:00.002+05:302019-02-23T09:03:45.751+05:30Wrong Filed Income Tax Return ! Revise It.<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Normally when we file Income Tax Return (ITR) we try to keep full precautions to avoid any mistakes. But sometimes mistakes may happen. Like given wrong bank account details or left considering interest income received on saving bank account or claim wrong deduction or fill details under wrong head etc. But don't worry law gives us permission to revise it as per Section 139(5) of Income Tax Act.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Section 139(5) says if return filer get noticed that they have done mistakes in filing Income Tax Return then they can file revise return before completion of Assessment Year or Completion of Assessment Process. Remember Assessment Year is the next year for which ITR has been filed, for example If we have filed ITR for the financial year 2017-2018 then Assessment Year will be 2018-19.</span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;"><br /></span></u></b></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">What Is Revised Return?</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Revised return is the refiling of Return of same Financial Year (F Y) in which we had made mistakes and now willing to correct it. In Revised Return you need to provide details as per Original Return.</span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;"><br /></span></u></b></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">Who Can File Revised Return?</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Section 139(5) Income Tax Act gives permission to file Revised Return to all those Tax Payers who already have filed their Income Tax Return (ITR) before its due date. If you have filed late ITR means filed after its due date, then you are not permitted to file Revised Return.</span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;"><br /></span></u></b></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">What is the Last Date To File Revised Return?</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Earlier law permits to revise ITR within one year after completion of its Assessment Year it means assessee gets to year to file correct ITR, suppose you file ITR for F Y 2014-15 (A Y 2015-16) then you can file Revise Return within F Y 2016-17 (A Y 2017-18). </span><span style="font-family: "verdana" , sans-serif;">But it is reduced last year. Now you have to file revised return within it Assessment Year.</span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;"><br /></span></u></b></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">How To File Revised Return?</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">You have give same details what you have already give in your Original ITR with its correction. But you have to select Revised Return U/s 139(5) in place of Original Return and need to provide Original Receipts Number along with filing date.</span></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;"><br /></span></u></b></div>
<div style="text-align: justify;">
<b><u><span style="font-family: "verdana" , sans-serif;">How Many Times You Can File Revise Return?</span></u></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">You can file Revise Return many times till you come with its correct details. But remember every-time you need to provide Original Return filing Receipts No and filing date. Don't Misuse It, assessing officer may ask you for doing this.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Most important every time you file Original Return or Revise Return you must need to complete verification process otherwise Income Tax Department will not accept it.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com2tag:blogger.com,1999:blog-837795925357365824.post-31473990163343432662018-07-21T11:49:00.000+05:302019-02-23T09:04:05.498+05:30Ease Your Tax Burden - Invest Now<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: arial, sans-serif; font-size: 12pt;">An small
investor (and tax payer) is one who manages his finances in such a way that the
TDS is just equal to the tax he is supposed to pay for a particular year. You
need to balance your needs based on need for liquidity in hand, investment
returns and tax savings.</span><br />
<div class="MsoNormal">
<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Every
individual get more tensed in the month of February /March every year as in this
month when they feels like they are being subject to extortion in form of Tax Deduction
at Source or Advance Tax. And advised if not want to pay tax then go to invest
in tax saving investments.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">There
could be moments when you feel that you have paid too much of taxes or too much
of tax has been deducted from your salary. So to avoid such situation
one should start planning their taxes from the beginning of the year itself so
that you don’t end your year by paying more taxes.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">When
the employer deducts tax at source, more particularly, during last two months,
as he would like to avoid defaults on his part, to save on interest and
penalties, he shall consider all your investments which give you tax deductions
or savings. While deducting tax at source, he shall consider investments such
as in <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Insurance
premium, <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Provident
fund contributions, <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">National
saving certificates, <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Investment
in pension plans, <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">ULIPs,
Mediclaim etc. <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Not
only this, he shall also consider certain amounts spent by you on specified
items and on your health such as <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Tuition
fee of children (80C), <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Repayment
of principal amount of home loan (80C), <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Medical
expenses (80D, 80DD), <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Expenses
on specified illnesses (80DDB) (upto Rs. 40,000 and Rs. 60,000 for senior citizens (Rs
1,00,000 wef A.y 2019-20) and for super senior citizen Rs 80,000 from A.y
2016-17 to 2018-19 ( Rs 1,00,000 from A.y 2019-20) <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Any
amount of interest paid on educational loan (80E) etc. <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Donations
made to specified eligible funds etc are also eligible for allowance (100% or
50% depending upon type of donation. <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">Employer
is also supposed to consider your <u>house rent receipts</u> but may ask
for <u>landlord’s PAN</u> number also.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">You
can plan you taxes including TDS by integrating your tax planning and
investment planning. The investments you make should also have a tax saving
objective. If choosing between two options with similar returns and safety
features, tax saving would play an important role. In such situations,
investments like housing, provident funds, insurance, equity linked saving
options etc. can give you some relax feeling. <o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<br /></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "arial" , "sans-serif";">However, if
tax has been deducted in absence of investment or forget to inform the Deductor
in time (like bank etc), and your tax liability does not arise as per your
income details or tax deduction becomes more than actual tax liability, you should
not worry much as it is now mandatory for tax payers to quote then bank account
number and details in the return itself which makes refunds faster, safer and
hassle free<span style="color: #475055;">.</span></span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com4tag:blogger.com,1999:blog-837795925357365824.post-86222366901098926132018-07-10T15:31:00.000+05:302019-02-23T09:04:21.008+05:30Term Insurance Plan - Pure Life Insurance<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><span style="background: white;">What is Pure Life Insurance Plan? Best answer is Term Insurance Plan. What is the right time to get Term Insurance Plan? The short answer
would be, “as early as possible.” But that doesn’t mean a child should also buy
a term plan. There are various term & conditions that define the right time for anyone
to buy a term insurance life cover. First of all, it is important that you
understand ‘</span><span style="background: white;"><b>what is term plan</b> after all? And what makes it important enough for
such consideration?’</span></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><strong>What is Term Plan?</strong><o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Term plan or term insurance plan is a
pure life insurance cover. The name term insurance (or term plan) refers to an
insurance contract where an insurer agrees to compensate your nominee(s) for a
specific premium cost.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><strong>Why Term Plan?</strong><o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The purpose of insurance is to
minimize the financial stress on the family or insured in case a specific loss
occurs. For example, in case of life insurance, the
insurer pays the sum assured to the family of the insured, in the event of the
untimely demise of the insured. Thus, the family is saved from the financial
problem after the death of that insured person.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The term insurance cover sustains the
family’s financial stability in the worst circumstances.<o:p></o:p></span><br />
<span style="font-family: "verdana" , sans-serif;"><em><br /></em></span>
<b><span style="color: orange;"><span style="font-family: "verdana" , sans-serif;"><em>Also Read : <a href="https://savetaxsavemoney.blogspot.com/2017/11/term-insurance-plan-good-or-bad-decision.html" target="_blank">T</a></em></span><span style="font-family: "verdana" , sans-serif;"><i><a href="https://savetaxsavemoney.blogspot.com/2017/11/term-insurance-plan-good-or-bad-decision.html" target="_blank">erm Insurance Plan Good or Bad Decision</a></i></span></span></b></div>
<div style="background: white; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><strong><br /></strong></span>
<span style="font-family: "verdana" , sans-serif;"><strong>How Will Term Cover Work?</strong><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Nowadays, insurers offer multiple pay-out options to make
dependents life easier after the claim. Following are the most prominently
offered pay-out options:<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Lump-sum<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Regular Income<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Growing Regular Income<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Lump-sum with regular income (fixed or growing)<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The fourth option is quite useful if you think from your
dependents’ perspective who may not want to manage a large investment. The
lump-sum amount is useful in meeting the immediate financial needs,
liabilities, etc. and regular income for future.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>What is the Ideal Age to Buy Term Plan?</b><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Most term plans consider 18 years of age as the minimum eligible
age for availing a term cover. However, the ideal age for a term cover is
defined by the income earning potential of the individual. For example, a 40
years old person who is not employed and financially dependent on another may
not be eligible for a term cover, though at 20-year-old person earning Rs. 300,000 p.a. would be eligible.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Thus, whether your age is ideal for a term cover or not will
depend on:<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->If you are above 18 years of age<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Your annual income<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Benefits of Buying Term Cover Early</b><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The premium on term insurance cover is quite affordable,
especially for younger buyers, since age is one of the major factors in premium
estimates. Also, since the premiums will remain the same, early buyers may
enjoy a very low term premium later in life.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<b style="font-family: Verdana, sans-serif;">How Much Life Cover You Need?</b></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Since the purpose of term insurance is to meet your dependents
financial needs, it is better that you choose a sum assured that is large
enough for that. Usually, you can avail approximately 20 to 25 times of your
annual income as maximum sum assured.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Example:</b> Suppose Pradip had the annual income
of Rs. 500,000 p.a. at the age of 30, thus maximum sum assured he could choose was
about Rs. 25 to 30 Lakh. He can, however, increase the sum assured as his
income increases or based on certain life events.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Term Insurance and Life Events</b><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The life insurance need is not static throughout your life. It
changes with your income, lifestyle, the number of dependents and other
factors. After retirement, when you start earning out of your own savings from
your working years, and your liabilities are over, your life insurance need
could be zero.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Following life stages should make you revisit your term life
cover:<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Marriage<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Addition of a life (Child birth)<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Lifestyle changes/upgrades<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]-->Income increase/Job changes<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Whatever your age at this moment, if you have not considered a
term insurance so far, perhaps it is the right time to start.</span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Call me at 9958781151 or whatsapp to know more or book a term plan.</span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-77614203509071268492018-04-10T17:17:00.000+05:302019-02-23T09:04:36.781+05:30Income Tax Slab Rates for the F Y 2017-18 (A Y 2018-19)<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: "verdana" , sans-serif;">Income Tax rate are decided in budget in every year. Some time it come with some change in tax slab rate or some time some other levy of exemptions.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">Here i come with Income Tax Slab Rates for the Financial Year 2017-18 (relevant to Assessment Year 2018-19)</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<b><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB FOR INDIVIDUAL & HUF (Less Than 60 Years)</span></b></div>
<table border="1" style="width: 100%px;">
<colgroup><col style="width: 80%;"></col>
<col style="width: 20%;"></col>
</colgroup><thead>
<tr>
<th><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB</span></th>
<th><span style="font-family: "verdana" , sans-serif;">TAX RATE</span></th>
</tr>
</thead>
<tbody>
<tr>
<th><span style="font-family: "verdana" , sans-serif;">Income Upto 2,50,000</span></th>
<td><span style="font-family: "verdana" , sans-serif;"> NIL</span></td>
</tr>
<tr>
<th><span style="font-family: "verdana" , sans-serif;">Income from 2,50,000 - 5,00,000</span></th>
<td><span style="font-family: "verdana" , sans-serif;"> 5%</span></td>
</tr>
<tr>
<th><span style="font-family: "verdana" , sans-serif;">Income from 5,00,000 - 10,00,000</span></th>
<td><span style="font-family: "verdana" , sans-serif;"> 20%</span></td>
</tr>
<tr>
<th><span style="font-family: "verdana" , sans-serif;">Income above 10,00,000</span></th>
<td><span style="font-family: "verdana" , sans-serif;"> 30%</span></td>
</tr>
</tbody>
</table>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<b><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB FOR SENIOR CITIZEN ( 60 Year Or More but Less Than 80 Year)</span></b><br />
<table border="1" style="width: 651px;"><colgroup><col style="width: 0px;"></col><col style="width: 0px;"></col></colgroup><thead>
<tr><th><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB</span></th><th><span style="font-family: "verdana" , sans-serif;">TAX RATE</span></th></tr>
</thead><tbody>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income Upto 3,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> NIL</span></td></tr>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income from 3,00,000 - 5,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> 5%</span></td></tr>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income from 5,00,000 - 10,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> 20%</span></td></tr>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income above 10,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> 30%</span></td></tr>
</tbody></table>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<b><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB FOR SUPER SENIOR CITIZEN ( 80 Year Or More )</span></b><br />
<table border="1" style="width: 651px;"><colgroup><col style="width: 0px;"></col><col style="width: 0px;"></col></colgroup><thead>
<tr><th><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB</span></th><th><span style="font-family: "verdana" , sans-serif;">TAX RATE</span></th></tr>
</thead><tbody>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income Upto 5,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> NIL</span></td></tr>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income from 5,00,000 - 10,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> 20%</span></td></tr>
<tr><th><span style="font-family: "verdana" , sans-serif;">Income above 10,00,000</span></th><td><span style="font-family: "verdana" , sans-serif;"> 30%</span></td></tr>
</tbody></table>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">Surcharge : 10% of Income Tax, where total income exceeds Rs.50, Lakh upto Rs.1 Crore.</span><br />
<span style="font-family: "verdana" , sans-serif;"> : 15% of Income Tax, where the total income exceeds Rs.1 Crore.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">Higher Education and Secondary Cess : 3% of Income Tax</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<br />
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><span style="color: #475055;"># Rebate of Income Tax
in case of Certain Individuals (Section 87A)</span></b><span style="color: #475055;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">You can claim the
rebate if you satisfy both the following conditions:<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">·<span style="font-stretch: normal; line-height: normal;"> </span></span><span style="color: #475055;">You are a Resident
Individual; and<o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">·<span style="font-stretch: normal; line-height: normal;"> </span></span><span style="color: #475055;">Your Total <b>Income
Less Deductions (under Section 80)</b> is equal to or less than Rs
3,50,000. (Rs. 5,00,000 up to AY 2017-18)<o:p></o:p></span></span></div>
<span style="background-color: white; color: #475055; font-family: "verdana" , sans-serif; text-align: justify;">The rebate is limited
to Rs 2,500. (Rs. 5,000 till AY 2017-18) Which means if the total tax payable
is lower than Rs 2,500, such lower amount of tax will be the rebate under
section 87A. This rebate is applied on total tax before adding Education Cess.</span><br />
<b style="background-color: white; font-family: verdana, sans-serif; text-align: justify;"><span style="color: #475055;"># Penalty for Late
Filing of Return [Section 234 F]</span></b><br />
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">This change is one of
the most notable changes done in Income Tax. There had been no late fee or
penalty for delayed filing of Returns. Income Tax Department was quiet lenient
in this regard.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">If a person who is
compulsorily required to file Income Tax Return (ITR) doesn’t file return on
time then he is liable to a penalty as follows<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><u><span style="color: #475055;">Amount Of Penalty</span></u></b><span style="color: #475055;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">For person with Total
Income of more than Rs. 5,00,000<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">1. If ITR is filed
after due date but on or before 31st December 5,000<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">2. If ITR is filed
after 31st December but upto 31</span><sup><span style="color: #475055;">st</span></sup><span style="color: #475055;"> March 10,000<o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">3. No Return Filing is
possible after 31</span><sup><span style="color: #475055;">st</span></sup><span style="color: #475055;"> March of AY.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">For person with Total
Income of less than Rs. 5,00,000 – Rs. 1,000 (up to Mar 31</span><sup><span style="color: #475055;">st</span></sup><span style="color: #475055;"> of AY)<o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><span style="color: #475055;">Penalty is not
applicable if ITR is filed before due date but verification is done
after the due date.</span></b><span style="color: #475055;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">In addition to the
penalty interest under Section 234A is also levied on late filing of
Income Tax Return.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><span style="color: #475055;"># Insertion of
Section 269ST</span></b><span style="color: #475055;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<table border="1" style="width: 100%px;">
<colgroup><col style="width: 20%;"></col>
<col style="width: 80%;"></col>
</colgroup><thead>
<tr>
<th><span style="font-family: "verdana" , sans-serif; font-weight: normal;">PROVISION OF SECTION 269ST</span></th>
<th><div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><span style="font-weight: normal;"><span style="color: #353435;">No person</span><span style="color: #353435;"> shall
receive an amount of two lakh rupees or more—</span></span><o:p></o:p></span></div>
<div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">(a) in aggregate from a person
in a day; or</span><o:p></o:p></span></div>
<div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">(b) in respect of a single
transaction; or</span><o:p></o:p></span></div>
<span style="font-family: "verdana" , sans-serif;"><o:p></o:p>
<o:p></o:p>
<o:p></o:p>
</span><br />
<div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">(c) in respect of transactions
relating to one event or occasion from a person, otherwise than by an account
payee cheque or an account payee bank draft or use of electronic clearing
system through a bank account.</span><o:p></o:p></span></div>
</th>
</tr>
</thead>
<tbody>
<tr>
<th><span style="font-family: "verdana" , sans-serif; font-weight: normal;">EXCEPTIONS</span></th>
<td><span style="color: #444444; font-family: "verdana" , sans-serif; text-align: justify;">(a)
Government;</span><br />
<span style="font-family: "verdana" , sans-serif;"><o:p></o:p>
</span><br />
<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0in 0in 0.0001pt;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">(b) any
banking company, post office savings bank or co-operative bank;</span><o:p></o:p></span></div>
<span style="font-family: "verdana" , sans-serif;"><o:p></o:p>
</span><br />
<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0in 0in 0.0001pt;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">(c)
transactions of the nature referred to in section 269SS;</span><o:p></o:p></span></div>
<span style="font-family: "verdana" , sans-serif;"><o:p></o:p>
</span><br />
<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0in 0in 0.0001pt;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">(d)
Such other persons or class of persons or receipts, which the Central
Government may, by notification in the Official Gazette, specify.</span><span style="text-align: justify;"> </span></span></div>
</td>
</tr>
<tr>
<th><span style="font-family: "verdana" , sans-serif; font-weight: normal;">PENALTY FOR NON COMPLIANCE SECTION 271DA</span></th>
<td><span style="font-family: "verdana" , sans-serif;"><span style="color: #444444; text-align: justify;">If a person receives any sum in
contravention of the provisions of </span><span style="color: #444444; text-align: justify;">section 269ST</span><span style="color: #444444; text-align: justify;">, he shall be
liable to pay, by way of penalty, </span><u style="color: #444444; text-align: justify;">a sum equal to the amount of such
receipt</u></span><br />
<span style="font-family: "verdana" , sans-serif;"><o:p></o:p>
</span><br />
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">Any penalty imposable under
sub-section (1) shall be imposed by the Joint Commissioner.</span><span style="text-align: justify;"> </span></span></div>
</td>
</tr>
</tbody>
</table>
<span style="font-family: "verdana" , sans-serif;"><span style="color: #475055;">Section 269ST is
introduced by Finance Act, 2017 with effect from 01.04.2017 and put a limit on
Cash Transaction to put a check on </span>Black Money<span style="color: #475055;"> and
Tax Theft. Section is much talked about section as it provides penalty for any
cash transaction above the value of Rs. 2 Lakh, equal to the Transaction
amount.</span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055;"><span style="font-family: "verdana" , sans-serif;">Most of us would have
heard this section as this was one of the highly discussed topic after the
Budget Speech of 2017.</span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="color: #475055; font-family: "verdana" , sans-serif;">This section applies
on the person receiving payment in excess of Rs. 2,00,000.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<b><span style="font-family: "verdana" , sans-serif;">INCOME TAX SLAB FOR DOMESTIC COMPANIES</span></b><br />
<table border="1" style="width: 651px;"><colgroup><col style="width: 0px;"></col><col style="width: 0px;"></col></colgroup><thead>
<tr><th><span style="font-family: "verdana" , sans-serif;">TURNOVER PARTICULARS</span></th><th><span style="font-family: "verdana" , sans-serif;">TAX RATE</span></th></tr>
</thead><tbody>
<tr><th><span style="font-family: "verdana" , sans-serif;">Gross Turnover up to 50 Cr. in the Previous Year</span></th><td><span style="font-family: "verdana" , sans-serif;"> 25%</span></td></tr>
<tr><th><span style="font-family: "verdana" , sans-serif;">Gross Turnover Exceeding 50 Cr. in the Previous year</span></th><td><span style="font-family: "verdana" , sans-serif;"> 30%</span></td></tr>
</tbody></table>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">In addition cess and surcharge is levied as follows :</span><br />
<span style="font-family: "verdana" , sans-serif;">Cess : 3% of Corporate tax</span><br />
<span style="font-family: "verdana" , sans-serif;">Surcharge : Taxable Income is more than 1 Cr. but less than 10 Cr. - 7%</span><br />
<span style="font-family: "verdana" , sans-serif;"> Taxable income is more than 10 Cr. - 12%</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;"><br /></span>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-60839372805059042722018-03-13T15:58:00.002+05:302019-02-23T09:04:50.214+05:30LIC Maturity Claim Process<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Mostly person before taking life insurance they think that how to claim maturity benefits from life insurance policies? Or What are the maturity claim procedure? How in my absence my dependents or spouse or nominee can take maturity claim?</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">Every insured person is entitled to claim the maturity benefits only when the policy is in force and all premiums have been duly paid. In life insurance policy with maturity benefits, the insured person will be entitled to claim maturity benefits if they have fulfill the term of the policy. A maturity claim is one of the simplest claim procedures with minimal paperwork require.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Normally the insurance company sends a <b><a href="https://drive.google.com/file/d/1YApaNQXC7PKb6kVNC5ojkqgcSuTwRpML/view" target="_blank">Policy Discharge form</a> </b>about <b>ninety days</b> (3 month) before the maturity date of the insurance policy along with maturity intimation at insured persons address mentioned in policy. All instructions regarding the documents & procedures are advised their.</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">First of all, insured person should visit nearest LIC branch and understand the procedures. Following list of documents require in Maturity claim process:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>* Original Policy Bond</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>* Copy of Identity Proof</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>* Copy of Address Proof</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>* Bank Mandate Form with bank details</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>* A Cancelled Cheque leaf</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">Arrange all documents require to take maturity claim. The Policy Discharge Form (</span><b style="font-family: arial, helvetica, sans-serif; text-align: justify;"><a href="https://drive.google.com/file/d/1YApaNQXC7PKb6kVNC5ojkqgcSuTwRpML/view" target="_blank">LIC Maturity Form No.3825</a></b><span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">) must be duly filed by the policyholder. The Maturity form needs to be signed by Policy holder along with two witness. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">The duly completed form with required documents must reach the insurance company at least one week before the maturity date of the policy for a seamless maturity claim settlement.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">Once the documents are reach to the insurance company, they do verification and after that insurance company will process the maturity claim and make the payment to the policyholder. The maturity amount will be credited directly to the bank accounts of the policy holder after the policy maturity date.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-34075888157346816012017-12-27T18:45:00.001+05:302019-02-23T09:05:33.784+05:30How To Check Form 26AS?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We are near to year end, now complete your exercise regarding tax saving investment and income tax planning. People who pays us some times are liable to deduct TDS on our payment if crosses threshold limits as prescribed for deduction of TDS.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Before filing Income Tax Return it is necessary to obtain & match all income details. Now question is how to get Form 26AS?. What are the procedure to get form 26AS?</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There are two procedure to obtain Form 26AS :</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">1) Directly login on<b> <a href="https://www.tdscpc.gov.in/app/login.xhtml" target="_blank">TRACES </a></b>Website by giving User ID And Password.</span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: "verdana" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhyphenhyphengvJroSmgqkwJ44zPZN6fwN4_PRQ4-P7KWSePuqjWGzCjwT5fCQDT9lznBeEM6INyDULLNqsaG_eLFGpUuzVK0Xf5Isdj341Wv4E5wIGmmF4Er2ucpGhjR1JmgsKBGhrtwElC7ANSew/s1600/Traces.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="TRACES Website Login" border="0" data-original-height="411" data-original-width="648" height="125" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhyphenhyphengvJroSmgqkwJ44zPZN6fwN4_PRQ4-P7KWSePuqjWGzCjwT5fCQDT9lznBeEM6INyDULLNqsaG_eLFGpUuzVK0Xf5Isdj341Wv4E5wIGmmF4Er2ucpGhjR1JmgsKBGhrtwElC7ANSew/s200/Traces.png" title="TRACES Website Login" width="200" /></a></span></div>
<span style="font-family: "verdana" , sans-serif;"> </span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">2) Login on <a href="https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html" target="_blank">Income Tax eFiling</a> Website. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ8A7UyqMct_2LryTirm4fAxwTVhvLP2p3405megANyYguc964JXpZTW87gVbddbQGIPnj9U0b54kpFRwXMZoZKkOsELBHSITFKuaWwSRLxiJBEXiJMtqJjlRfrwJfyY4bFFPyq-B1e14/s1600/Efiling.png" imageanchor="1" style="clear: right; display: inline !important; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><span style="color: black;"><img alt="eFiling Website Login" border="0" data-original-height="464" data-original-width="575" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ8A7UyqMct_2LryTirm4fAxwTVhvLP2p3405megANyYguc964JXpZTW87gVbddbQGIPnj9U0b54kpFRwXMZoZKkOsELBHSITFKuaWwSRLxiJBEXiJMtqJjlRfrwJfyY4bFFPyq-B1e14/s200/Efiling.png" title="eFiling Website Login" width="200" /></span></a><span style="font-family: "verdana" , sans-serif;">After login on efiling website go to <b>My Account</b>. Click on <b>View Form 26AS (Tax Credit), </b>user will be redirected to<b> <a href="https://www.tdscpc.gov.in/app/login.xhtml" target="_blank">TDS-CPC Portal</a></b> (i.e. TRACES website). Here you can view Form 26AS by selecting related Assessment Year from drop down menu. You will be asked to select report format type i.e. html, text, PDF then write captcha code in the given box and your statement are ready to view. If you have selected PDF format then you need password to open that downloaded file. </span></div>
<div style="text-align: justify;">
<b><span style="font-family: "verdana" , sans-serif;">Password to Open Form 26AS is Date of Birth/ Date of Incorporation (in ddmmyyyy format)</span></b></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Form 26AS is act like a passbook. F<span style="font-size: 12pt;">ollowing details have been provided in Form 26AS :</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><span style="font-size: 12pt;">statement</span><span style="font-size: 10pt; text-align: justify; text-indent: -0.25in;"><span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="font-size: 12pt; text-align: justify; text-indent: -0.25in;">Advance tax,
Self-Assessment Tax and Regular Assessment Tax paid by self</span><span style="background-color: white; font-size: 10pt; text-align: justify; text-indent: -0.25in;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><span style="background-color: white; font-size: 12pt; text-align: justify; text-indent: -0.25in;">Tax paid through Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) on behalf of
users own presence</span><span style="background-color: white; font-size: 10pt; text-align: justify; text-indent: -0.25in;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="background-color: white; font-size: 12pt; text-align: justify; text-indent: -0.25in;">Refund issued by the
Department to self</span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "verdana" , sans-serif;"><span style="font-size: 10pt;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="font-size: 12pt;">Information received
from various agencies on high value transaction carried by self.<o:p></o:p></span></span></div>
<span style="font-family: "verdana" , sans-serif;"><span style="background-color: white; font-size: 12pt; text-align: justify;">This statement is
presented yearly, which reflects the transaction of the concerned year.</span> Any person/company who deduct TDS and deposited it against our PAN are reflects here with following details, </span><br />
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">1. Name of Deductor</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">2. TAN of Deductor</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">3. Total Amount Paid / Collected</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">4. Total Tax Deducted</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">5. Total TDS Deposited.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Form 26AS are divided mainly into Seven Parts i.e. A - G. These parts are :</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">a) Part A : Details of Tax Deducted at Source</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">b) Part A1 : Details of Tax Deducted at Source for Form 15G/ 15H</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">c) Part A2 : Details of Tax Deducted at Source on Sale of Immovable Property </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> U/s.194IA/ TDS on r</span><span style="font-family: "verdana" , sans-serif;">ent of Property U/s 194IB (For Seller /Landlord </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> of Property)</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">d) Part B : Details of Tax Collected at Source</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">e) Part C : Details of Tax Paid (Other Than TDS or TCS) i.e. ADVANCE TAX</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">f) Part D : Details of Paid Refund</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">g) Part E : Details of AIR Transaction</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">h) Part F : Details of Tax Deducted at Source on Sale of Immovable Property </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> U/s.194IA/ TDS on </span><span style="font-family: "verdana" , sans-serif;">Rent of Property U/s 194IB (For Buyer /Tenant</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> of Property)</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">i) Part G : TDS Defaults </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So, Analyse all details given in Form 26AS. If any discrepancy get noticed then contact the concerned person. Disclose all income atleast as per Form 26AS and take credit of all TDS/Advance tax given in Form 26AS.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-49429568197646849292017-12-21T14:58:00.003+05:302019-02-23T09:05:59.546+05:30Why We Need Health Insurance ?<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzP3lLGUnggpNRZ-0AfCB2KB2iDl5HE1PLjBKTkCYu_PAgATvsDYKm0_p7zKDtGf3e-8j6JtD5jSeU1iEi5gLpv01MD09fPToonrj9vZ6gelYZjEIOhc6XGHTEKGSyU1plKmm668oOtOY/s1600/Yes+to+Health+Insurance.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Why We Need Health Insurance?" border="0" data-original-height="540" data-original-width="540" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzP3lLGUnggpNRZ-0AfCB2KB2iDl5HE1PLjBKTkCYu_PAgATvsDYKm0_p7zKDtGf3e-8j6JtD5jSeU1iEi5gLpv01MD09fPToonrj9vZ6gelYZjEIOhc6XGHTEKGSyU1plKmm668oOtOY/s200/Yes+to+Health+Insurance.jpeg" title="Why We Need Health Insurance?" width="200" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;">Mostly people asks when a insurance agent offer health insurance policy to a person that why they need health insurance policy for him or their family members.</span><br />
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Here I shall discuss, Why health
insurance is very important for everyone even if they are financially strong?<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Answer are very simple, every one knows it though they like to ignore, like if we close our eyes, problem can not find us. </span></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Few points are here :</b></span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></div>
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">People are
saving money for their Future Goals, </span></li>
</ul>
<br />
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Savings do
not happen in a day or in a month, It takes YEARS, </span></li>
</ul>
<br />
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Life is
very UNCERTAIN and DISEASES are a part of that uncertainty.</span></li>
</ul>
<br />
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">When
DISEASE comes, it spoils all FUTURE PLANNING because it COSTS HIGH especially
Critical illnesses like, </span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></div>
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;"> Cancer: 5 Lakh and more </span></li>
</ul>
<br />
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;"> Heart Ailments : 3 Lakh to 8 Lakh or more, </span></li>
</ul>
<br />
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Kidney
Issues: 5 Lakh to 15 Lakh or more, </span></li>
</ul>
<br />
<div class="MsoNoSpacing">
</div>
<ul style="text-align: left;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Liver
Failure: 5 Lakh to 15 Lakh or more,</span></li>
</ul>
<br />
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">These
diseases are DANGEROUSLY increasing in India now a days due air pollution, living habits, diet we take are infected. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Remember every People are
not that much FINANCIALLY STRONG to spend 5 Lakh to 15 Lakhs easily at a go...<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Mostly
during illness people might have to sell their PROPERTY, GOLD and OTHER
VALUABLES or dig deep into their savings to meet these medical needs.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">People
also end up BORROWING money from others, sometime at higher Rate of Interest.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;">But HEALTH
INSURANCE helps to SAVE hard earned money by just paying some REASONABLE PREMIUM,<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>BUY HEALTH INSURANCE STAY CONFIDENT and
PROTECT YOUR WEALTH.</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Because There's nothing more important than a good health. That's our principal Capital Asset.</b></span><br />
<br />
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><u style="font-size: x-large;">Doctor
Saves Life</u><span style="font-size: large;">...... </span><u>And<span style="font-size: large;"> We (</span>health insurance providers<span style="font-size: large;">)</span></u><span style="font-size: large;"> ....... </span><u style="font-size: x-large;">Saves your Lifestyle.</u></b></span><span style="font-family: "arial" , sans-serif;"><o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><u><br /></u></b></span></div>
<div class="MsoNoSpacing" style="text-align: center;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><u><span style="background-color: yellow;">Understand, Why we need health insurance, then call me @ 9958781151</span></u></b></span></div>
<div class="MsoNoSpacing">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><u><br /></u></b></span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-27542403994218481502017-12-15T14:59:00.000+05:302019-02-23T09:06:19.310+05:30Submission of Investment Proof<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Third quarter of this current financial year 2017-18 is near to end. All employees who earn more than taxable limits has to submit their investment/expenses proof, which makes them eligible to get benefit of tax saving option provided by Income Tax Department, to their Employer / HR department for the year 2017-18.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Since the Income Tax Department made it very clear to all employer to verify the geniuses of each claim made by their employee (vide Circular No.01/2017). This submission is subject to TDS deduction on Salary. Employers have right to act as per guidelines in accordance with the income tax rules to safeguard the interest of the organisation.</span></div>
<span style="font-family: "courier new" , "courier" , monospace;"></span>
<br />
<div style="text-align: justify;">
<span style="font-family: "courier new" , "courier" , monospace;"><span style="font-family: "verdana" , sans-serif;">Here some list of document pertaining to Expenses/Investment proof needs to submit with employers for the TDS purpose.</span></span></div>
<span style="font-family: "courier new" , "courier" , monospace;">
</span>
<br />
<table border="1" style="width: 100%px;">
<colgroup><col style="width: 25%;"></col>
<col style="width: 75%;"></col>
</colgroup><thead>
<tr>
<th><span style="color: #353435; font-family: "courier new" , "courier" , monospace; font-size: large; line-height: 115%;">Tax Section</span></th>
<th><b><span style="color: #353435; font-family: "courier new" , "courier" , monospace; font-size: large; line-height: 115%;">Guidelines</span></b></th>
</tr>
</thead>
<tbody>
<tr>
<th><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 115%;">Rent Payments </span><span style="color: #444444; font-family: "courier new" , "courier" , monospace; font-weight: normal; line-height: 115%;"> </span></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Monthly rental
receipts<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">Following information
is mandatory in the rent receipt.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">Landlord’s name and
address, signature of the Landlord.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">Landlord’s PAN or a
self-declaration, in case the annual rent amount is greater than 1.0 lakh.<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 115%;">Revenue stamp to be affixed
for the cash payments.</span></td>
</tr>
<tr>
<th><span style="color: #444444; line-height: 115%;"><span style="font-family: "courier new" , "courier" , monospace;">Insurance Premium/ULIP/ Pension scheme.</span></span></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; line-height: 115%;"><span style="font-family: "courier new" , "courier" , monospace;">Premium receipts paid during current financial year, in name of self,
spouse, children.</span></span></div>
</td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Children Tuition Fees.</span></b></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Copy of Tuition Fees paid to educational institution.<o:p></o:p></span></div>
<span style="font-family: "courier new" , "courier" , monospace;"><span style="color: #475055; line-height: 18.4px;">Payment in nature of Donations, Capitation fees, Uniform fee, Sports fee, Van Fees, Shoes & Sock etc., </span>are not allowed.</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Public Provident Fund- PPF</span></b></th><td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Copy of the stamped deposit receipt, paid during current financial year or<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Copy of the Passbook with clear mention as PPF Account</span></div>
</td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 115%;">National Saving Certificate (NSC) And</span></b><br />
<b><span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Interest accrued on </span></b><br />
<b><span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">NSC deposited in the earlier FYs.</span></b></th>
<td><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 115%;">Copy of NSC certificate in the name of employee.</span><br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Copy of the NSC’s purchased in the previous FYs.<o:p></o:p></span></div>
<span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 115%;"></span><br />
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Interest accrued will be considered as other income too.</span></td>
</tr>
<tr>
<th><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="font-family: "courier new" , "courier" , monospace;"><b><span style="color: #444444;">MEDICLAIM – Deduction U/S 80 D – including preventive health checkup.</span></b><span style="color: #444444;"><o:p></o:p></span></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Employee, spouse, dependent children, and parents</span></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Copy of premium receipt paid during the FY.<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Receipt of payment of preventive health check-up of the employee or family</span></div>
</td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Tax Saving Mutual Funds</span></b></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Copy of investment certificate with the employee name, Investment Date, Amount, Type of Investment.<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Only the investments made under Tax Saving Fund / Plan will be considered</span></div>
</td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">ELSS <br />(Equity Linked Saving Scheme)</span></b></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Copy of investment certificate with the employee name, Investment Date, Amount, Type of Investment.<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Only the investments made under Tax Saving Fund / Plan will be considered.</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Income / Loss from House Property- Let out Property</span></b></th>
<td>Detailed calculation of Let out house property's income/loss.</td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Principal & Interest Repayment of Housing Loan</span></b></th>
<td><span style="font-family: "courier new" , "courier" , monospace;">Interest certificate from the bank/financial institution with the total interest and principal paid/due for the FY.</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Post Office –Term Deposit with more than 5 year term.</span></b></th>
<td><span style="font-family: "courier new" , "courier" , monospace;">Copy of deposit receipt</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Tax Saving Fixed Deposits with Scheduled Banks.</span></b></th>
<td><span style="font-family: "courier new" , "courier" , monospace;">Copy of Deposit Receipt invested during current financial year, qualified benefit under Sec 80C of the Income Tax Act</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Medical Treatment on Handicapped Dependent – Deduction U/S 80DD</span></b></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Proof of<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">a. Expenditure incurred towards medical treatment, training and rehabilitation of a handicapped dependent ., <b>or</b><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">b. Amount paid or deposited under any scheme framed in this behalf by the LIC or UTI or any other insurer and approved by the Board for the maintenance of the handicapped dependent<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">c. Form 10-IA</span></td>
</tr>
<tr>
<th><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Medical Treatment Expenses for the specified disease – Deduction U/S 80DDB</span></b></div>
</th><td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Medical Bills / expenditure incurred by way of medical treatment for a specified disease along with a certificate from a hospital in the prescribed form.<o:p></o:p></span></div>
<span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Form 10-I</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Interest paid on Higher Education Loan – Deduction U/S 80 E</span></b></th>
<td><span style="font-family: "courier new" , "courier" , monospace;">Copy of Bank certificate stating that the loan and interest has been paid and amount payable during the financial year</span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Additional Deduction in respect of housing loan interest for the first house property acquired in FY 16-17 U/s 80EE</span></b></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Maximum deduction u/s 80EE is allowed Rs. 50000/-.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">The deduction shall be subject to the following conditions:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">1. Loan should be sanctioned during the Financial Year 2016-17<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">2. The amount of loan sanctioned for acquisition of the residential house property does not exceed 35 lakh rupees;<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">3. The value of the residential house property does not exceed 50 lakh rupees;<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #475055; font-family: "courier new" , "courier" , monospace;">4. The assesse does not own any residential house property on the date of sanction of the loan.<o:p></o:p></span></div>
<span style="font-family: "courier new" , "courier" , monospace;"><span style="color: #475055; line-height: 18.4px;">All proofs should be provided, as applicable for loss on </span>house property.<span style="color: #475055;"> </span></span></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">Donations eligible U/s 80G</span></b></th>
<td><span style="font-family: "courier new" , "courier" , monospace;">Employers may not consider all the Donations for taxation, hence employees have to consider the same at the time of filing their personal returns and have to claim the tax refund</span></td>
</tr>
<tr>
<th><b style="font-family: "Courier New", Courier, monospace;"><span style="color: #444444;">For Self – Permanent Disability – Deduction U/s 80 U</span></b></th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in;">
<span style="color: #444444; font-family: "courier new" , "courier" , monospace;">Any Individual suffering from a permanent physical disability (including blindness) or is subject to mental retardation, on the production of medical certificate from Government Hospital in the prescribed form and manner, along with a Return of Income, shall be allowed a deduction of Rs.75000/-. Where such assessee is a person with severe disability, a deduction of Rs.125,000/- can be claimed.<o:p></o:p></span></div>
<b><span style="color: #475055; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">(Photocopy of certificate (Form – 10 IA) issued by the competent medical authority specifying the % of disability)</span></b></td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">For Self – Permanent Disability – Deduction U/s 80 U</span></b></th>
<td>Form 10 I-A</td>
</tr>
<tr>
<th><b><span style="color: #444444; font-family: "courier new" , "courier" , monospace; line-height: 18.4px;">NPS – 80CCD(1B)</span></b></th>
<td><span style="font-family: "courier new" , "courier" , monospace;">Copy of the stamped deposit receipt, paid during current financial year and copy of the Passbook with clear mention as NPS Account</span></td>
</tr>
</tbody>
</table>
<br />
<b><u><span style="font-family: "verdana" , sans-serif;">SUGGESTION TO EMPLOYEE ON TAX SAVING INVESTMENT/EXPENSES </span></u></b><br />
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Please review your tax liability of the year in start of the financial year. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Keep copy of all investment/ expenses related with year. This habit helps you and your employer to clear off tax liability and saves you from interest / penalty factor for less tax payment.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">This habit also helps you to assess your options to invest in right investment scheme which are eligible under section 80C.</span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-60325959902917525932017-12-12T10:00:00.000+05:302019-02-23T09:07:09.375+05:30How To Link Aadhar No. With Insurance Policies ?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: -webkit-center;">
</div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">On 08th November 2017, IRDA (Insurance Regulatory And Development Authority of India) issued a Circular No.<span style="background: rgb(242, 242, 242); line-height: 115%; text-align: left;"><b><i><u><a href="https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo3318&flag=1" target="_blank">IRDAI/SDD/MISC/CIR/248/11/2017</a></u></i></b></span><span style="text-align: left;"> that linking your Aadhar No. and PAN is mandatory with all your insurance policies. Read this Circular is as below :</span></span></div>
<div style="line-height: 18px; margin: 0in 0in 0pt; text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheXjhxFRNTs_-Z4J-Fed7qlDpyKxzhuOmgh9lwbGk4-qJB8USnxgiytFI_jCo3gUIlH6_sjcR00GiOlMJgf9besswDCdllAxvZLJqwZXuuCX1Ug_nS-X_e6F-eLJay6Ub5dC2z2qcTIIY/s1600/HOW+TO+LINK+AADHAR+WITH+LIC+POLICIES.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="HOW TO LINK AADHAR WITH LIC POLICIES??" border="0" data-original-height="172" data-original-width="259" height="132" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheXjhxFRNTs_-Z4J-Fed7qlDpyKxzhuOmgh9lwbGk4-qJB8USnxgiytFI_jCo3gUIlH6_sjcR00GiOlMJgf9besswDCdllAxvZLJqwZXuuCX1Ug_nS-X_e6F-eLJay6Ub5dC2z2qcTIIY/s200/HOW+TO+LINK+AADHAR+WITH+LIC+POLICIES.jpg" title="HOW TO LINK AADHAR WITH LIC POLICIES??" width="200" /></a><span style="line-height: 24px;"><span style="font-family: "courier new" , "courier" , monospace;"><i>"Central Government vide gazette notification dated 1<sup>st</sup> June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making <b>Aaadhar and PAN/Form 60</b> mandatory for availing financial services including Insurance and also for linking the existing policies with the same.</i></span></span></div>
<div style="text-align: justify;">
<div style="line-height: 18px; margin: 0in 0in 0pt;">
<span style="font-family: "courier new" , "courier" , monospace;"><i>The Authority clarifies that, linkage of Aadhaar number to Insurance Policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017.</i></span></div>
<div style="line-height: 18px; margin: 0in 0in 8pt;">
<span style="line-height: 24px;"><span style="font-family: "courier new" , "courier" , monospace;"><i>These Rules have statutory force and, as such, Life and General Insurers (Including Standalone Health Insurers) have to implement them without awaiting further instructions"</i></span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt;">.</span></span></div>
</div>
<div style="text-align: -webkit-center;">
</div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">Why it is became so important to all policy holder? It is just to save your investment from any future fraud. We have to understand the importance to link Aadhar to LIC Policies and Linking of PAN to all insurance policies you are having. </span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOibudp-p2v-SyQllXUwQzV-5J1CajiPGuCccbSEFAQINvweO0cxdHfW7OZFz1Kup9vngFidiI8dcobCUZtZK9NFuJbz0IgzgIxBkokogVtksBrfFfafvOSO2ponSd5UtFtCbEt2-8EmU/s1600/Link+your+Aadhar+with+Insurance.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Link Your Aadhar With Insurance Before Get Claim" border="0" data-original-height="1204" data-original-width="828" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOibudp-p2v-SyQllXUwQzV-5J1CajiPGuCccbSEFAQINvweO0cxdHfW7OZFz1Kup9vngFidiI8dcobCUZtZK9NFuJbz0IgzgIxBkokogVtksBrfFfafvOSO2ponSd5UtFtCbEt2-8EmU/s320/Link+your+Aadhar+with+Insurance.jpeg" title="Link Your Aadhar With Insurance Before Get Claim" width="220" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><br /></span></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: left;">However the question is, </span><b style="font-family: arial, helvetica, sans-serif; text-align: left;">How to link Aadhar No. to LIC Policies?</b><span style="font-family: "arial" , "helvetica" , sans-serif; text-align: left;"> Neither IRDA nor LIC company provided any facility to link their policies with Aadhar. Though there are two ways that you can link your Aadhar no with your insurance policies.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><b>1. <u>Link Aadhar / PAN while buying New Policy:</u></b></span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">If you are planning to buy any new insurance policy then there are facility to link your Aadhar No. along with your PAN by providing a self attested copy with new proposal form. </span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">Therefore who are buying new LIC products should no need to bother now. The process will be completed by LIC itself before issuing a new policy to you.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><b>2. <u>Link Aadhar / PAN to existing LIC Policies:</u></b></span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">As I told you, as of now LIC did not came up any online linking facility to existing policies. However you can visit your branch and link Aadhar & PAN to LIC Policies. Do remember to get an acknowledgement of the same.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">LIC has the main problem that they don' have any centralized system to manage all policies and customer. It will be little problematic if you have policies from different branch but if it is from same branch then it will be easy.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">You can make a list of all your policies with other details like Insured Person Detail, Premium (without tax) along with a letter and self attested Aadhar copy along with PAN/Form 60 (If not provided earlier) and put request to the concerned authority/ LIC agent to do the same.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><br /></span></span>
<br />
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">It is clearly stated in this circular that every person/entities has to link their Aadhar with all kind of insurance policies i</span><span style="font-family: "arial" , "helvetica" , sans-serif;">ncluding Group Policies.</span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Aadhaar Number has to be captured for both Customer and Proposer.</span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">In case where the Aadhaar number has not been assigned to a client, the client shall furnish proof of application of enrollment for Aadhaar.</span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">The various entities and whose Aadhaar Number has to be captured is clarified as follows,</span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">a. Individual : The Aadhaar Number of the Individual.</span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">b. Company / Partnership / Trust :Aadhaar Number issued to the person holding an attorney to transact on the Company’s/Partnership’s/Trust’s behalf.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b>Click here to <a href="http://licindia.in/Home/Link_Aadhaar_and_PAN_to_Policy" target="_blank">link your Aadhaar with LIC Policies</a></b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<b style="font-family: arial, helvetica, sans-serif;">Or </b><br />
<b style="font-family: arial, helvetica, sans-serif;"><br /></b>
<b style="font-family: arial, helvetica, sans-serif;">if you want to link process manually/self by visiting branch, here is the Annexure (Application </b><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Format</b></span><b style="font-family: arial, helvetica, sans-serif;">) </b><br />
<div class="separator" style="clear: both; font-family: arial, helvetica, sans-serif; font-weight: bold; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgxOF6yB6VYNLnYiTvxCCgr5unawi2wGUPn7S_oi9yIFJoHZ_GMTeC4DCD-U6Ft7glp4hrIjq52KPwQFDXm82QSSioNZXhri7WnQu-eoWKcCXr4-EI3dB4IWL5a2-hWKP6R9rmDqhFvtI/s1600/Annexure+to+Link+LIC+Policy+with+Aadhaar.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Application Format to Link LIC Policy with Aadhaar" border="0" data-original-height="1280" data-original-width="907" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgxOF6yB6VYNLnYiTvxCCgr5unawi2wGUPn7S_oi9yIFJoHZ_GMTeC4DCD-U6Ft7glp4hrIjq52KPwQFDXm82QSSioNZXhri7WnQu-eoWKcCXr4-EI3dB4IWL5a2-hWKP6R9rmDqhFvtI/s320/Annexure+to+Link+LIC+Policy+with+Aadhaar.jpeg" title="Application Format to Link LIC Policy with Aadhaar" width="226" /></a></div>
<br />
<b style="font-family: arial, helvetica, sans-serif;"><u>What is Form 60? </u></b></div>
</div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: left;">Form 60 is a self declaration provided as per requirement & filled by those individuals or person who does not have a PAN ( Permanent Account Number) and who enters into any transaction specified in Rule114B.</span></div>
<div style="text-align: justify;">
<u style="font-family: Arial, Helvetica, sans-serif; text-align: left;"><b><br /></b></u></div>
<div style="text-align: justify;">
<u style="font-family: Arial, Helvetica, sans-serif; text-align: left;"><b>Who Require to provide Form 60?</b></u></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">Some person who have insurance policies but they do not earn as per Income Tax threshold limit then they can provide Form 60. </span></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;"><br /></span></span></div>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Before signing the declaration, this declarant should satisfy himself that the information furnished in this form is True, Correct and Complete in all respects. Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the income tax act,1961 and on conviction be punishable.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><u>HOW TO LINK STAR HEALTH INSURANCE POLICY WITH AADHAR NO.?</u></b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Here providing you the link. <b><span style="font-size: large;"><a href="https://retail.starhealth.in/updatecustomerdetails" target="_blank">Click here</a>.</span></b> You will be asked for <b>Policy No</b>., fill up and <b>submit</b> it. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">An <b>OTP</b> will be sent on your registered<b> email ID</b> and your registered <b>Mobile No</b>., fill <b>OTP</b> and <b>submit</b>.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Now provide your <b>Aadhaar No.</b> and <b>PAN no.</b> and submit.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">A massage will prompt for successfully submission of PAN And Aadhaar No.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<b style="font-family: arial, helvetica, sans-serif;"><u><span style="background-color: blue; color: yellow; font-size: large;">Don't go with any spurious call to help to link your Aadhaar with Policy. </span></u></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<b style="font-family: arial, helvetica, sans-serif;"><u><span style="background-color: blue; color: yellow; font-size: large;">Don't Share your personal details with any unknown person.</span></u></b></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com3tag:blogger.com,1999:blog-837795925357365824.post-90799529681947790742017-12-10T02:00:00.000+05:302019-02-23T09:07:26.046+05:30Allowances Or Exemptions Under Income from House Property A Y 2018-19<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">This blog is summarize for those taxpayers who declares their income under the head Income From House Property. Sometimes they forget to avail exemptions that can save their taxes. Here given some section wise info which is available exemptions to save tax to all assessee. So, take consider this exemption before filing your income tax return with the income head income from house property.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b style="text-align: left;"><span style="color: #444444; line-height: 18.4px;">List of Allowances / Exemptions Under the head Income from house property for A. Y 2018-19 [F Y 2017-18]</span></b></span></div>
<table border="1" style="width: 100%px;">
<colgroup><col style="width: 7%;"></col>
<col style="width: 20%;"></col>
<col style="width: 25%;"></col>
<col style="width: 30%;"></col>
<col style="width: 18%;"></col>
</colgroup><thead>
<tr>
<th>Sl. No.</th>
<th>Section</th>
<th>Particulars</th>
<th>Limit of Exemptions</th>
<th>Exemption Available To</th>
</tr>
</thead>
<tbody>
<tr>
<th>1</th>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt;">First proviso to </span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">section 23(1)</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Municipal tax levied by local authority and borne by owner in respect of
house property</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Amount actually paid during the relevant previous year</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">All assessee</span></td>
</tr>
<tr>
<th>1A</th>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Section 23(5)</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">No Notional income for house property held as stock-in-trade</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Any building and land
appurtenant thereto held as stock-in-trade which is not let during the whole or
any part of the previous year.</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Annual value of such
property for the period upto one year from the end of the financial year in
which the certificate of completion of construction of the property is obtained
from the competent authority, shall be taken to be Nil.</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">All assessee</span></td>
</tr>
<tr>
<th>2</th>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Section 24(a)</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Standard Deduction</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">30% of the Annual Value (Gross Annual Value- Municipal Taxes)</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">All assessee</span></td>
</tr>
<tr>
<th>3</th>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Section 24(b)</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Interest incurred on borrowed capital</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Interest on borrowed
capital is allowed as deduction from income from house property as under:</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-family: "arial" , "sans-serif"; font-size: 12.0pt;">a) Up to Rs. 2,00,000
(if amount is borrowed for construction/acquisition of self-occupied house
property on or after 01-04-1999), subject to certain other conditions</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">b) Up to Rs. 30,000 (if
amount is borrowed for reconstruction, repair or </span><span style="color: #475055; font-family: "arial" , sans-serif; font-size: 12pt;">renewals of
self-occupied house property)</span><br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-family: "arial" , "sans-serif"; font-size: 12.0pt;">c) Actual amount of
interest paid or payable during the year (in case of let-out property)</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><span style="font-family: "arial" , sans-serif; font-size: 12pt;">d) Pre-construction period
interest is allowed in 5 annual equal installments (Subject to certain
conditions)</span> </span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">All assessee</span></td>
</tr>
<tr>
<th>4</th>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Section 25A</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Standard Deduction from arrears of rent or unrealized rent received
subsequently</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">30% of arrears of rent or unrealized rent.</span></td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">All assessee</span></td>
</tr>
</tbody>
</table>
<br /></div>
</div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-58752808104280414052017-12-09T10:00:00.000+05:302019-02-23T09:07:39.736+05:30Expenses Save Taxes<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We incur several regular expenses which make us eligible for tax benefits but we fail to utilize them due to our less knowledge about it. Here we will discuss about some expenses which will help you to save tax.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>1) House Rent :</b> IF we are on rental, pay some amount as rent to our landlord, then you will get tax benefit. Some employee gets HRA (House Rent Allowance) which helps to get income tax deductions. But if you are not getting HRA break-ups then you can also save tax as per provision under Section 80GG.</span></div>
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span>
<br />
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>2) Travel Expenses :</b> Income Tax gives tax rebate on conveyance @ 1600/- per month for office goers as Conveyance Allowances. Apart from this you can also enjoy tax saving benefit on LTA (Leave Travel Allowances) which can be claimed for two journeys in a block of 4 years. Expenses incurred by you & you family on travel for which your employer gives LTA can be claimed as deduction.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>3) Medical Expenses :</b> These expenses are a regular part of everybody's life. For this employee can get benefit of medical allowance allowed by their employee. Apart from this tax laws also allows some tax gains towards money spend on medical insurance & preventive health checkup. Limit of deduction is upto Rs.60000/- under Section 80D, if premium amount not make in cash.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>4) Tuition Fees :</b> To provide education we give tuition to our kids. IT Laws provides you opportunity to compensate the expenses you incur on your kids tuition fees by reducing your tax liability. This deduction can be claimed under Section 80C of IT Act.</span></div>
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span>
<br />
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>5) Donations :</b> If your kind hearted & God believer and doing some donations than this habit also helps you some in your tax liability. Cash Donation upto Rs.2000/- only and above by cheques/DD/Transfer to charitable Trust / Organisation will help you to save tax under section 80G.</span></div>
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span>
<br />
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>6) Pension Fund :</b> If your employee deduct your salary for pension fund contribution which is good for your future will also help you in tax saving. If your company not register with PF Scheme then you can opt some other Pension Fund Scheme for investment and future return.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<span style="font-family: "verdana" , sans-serif;"><b>7) Repayment of Home Loan : </b>You have taken a home loan and worry about home loan burden and taxes. Then you should be happy that burden of your home loan EMI can reduce the burden of taxes. You can get the benefit on Repayment of both Principal Amount and Interest Amount components of your installments. You can get a deduction on home loan repayment under section 24 of IT Act and a deduction on Principal amount under section 80C of Income Tax Act.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<br />
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>8) Repayment of Education Loan :</b> Maintaining positions & for promotion higher qualification and up-gradation in it is must. Due to rising costs of educational courses, people often go for education loans when it comes to higher education. Just like deduction available on tuition fees, your education loan EMI also bring tax benefits to you.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Some Expenses are good. Above these expenses helps you to fulfill your dreams and reduce your tax burden, so don't worry about this. </span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-60923889333651903662017-12-08T15:30:00.000+05:302019-02-23T09:08:05.751+05:30How to Avoid Insurance Claim Rejection ?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Life insurance is not just a tax saving tool, it is a serious financial product which if used correctly can be a bless for your family and dependents. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">We people take life insurance to safe our future from any mishappen. </span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGPBcnfO6MPhOIQ3vKgAuG0Ou5fCslaYZX4jVkfl7beY5LmA-7xZiNcuWe8NiBmsc6RV4N3zTNnffFg1FZPk8v_32iaSmj1zd6g5LANnuxJm3mLsP8LDTsVQt-5FAxdX9LOv_8FuKEnSg/s1600/Insurance+Claim+Rejected.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="How to Avoid Life Insurance Claim Rejection ?" border="0" data-original-height="467" data-original-width="671" height="138" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGPBcnfO6MPhOIQ3vKgAuG0Ou5fCslaYZX4jVkfl7beY5LmA-7xZiNcuWe8NiBmsc6RV4N3zTNnffFg1FZPk8v_32iaSmj1zd6g5LANnuxJm3mLsP8LDTsVQt-5FAxdX9LOv_8FuKEnSg/s200/Insurance+Claim+Rejected.png" title="How to Avoid Life Insurance Claim Rejection ?" width="200" /></a></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">But it will be only if it get paid to our nominee on time without hassle. There are so many clauses, conditions and exceptions in insurance policies. Failure to meet any of these conditions would result in no insurance benefit being pay out. Most often, insurers rely on legal loopholes and clauses in their policy documents to avoid making payments of sums assured, but surprisingly a large number of times, the fault and blame belongs to the customers themselves.</span><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Here are some points to ensure yourself as a customer that you always get paid.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. Don't Conceal Information:-</b> While taking a life insurance policy any information pertaining to your health/habits which can put an impact should disclose. Any pre-existing disease or condition or smoking/drinking habits or anything that can be linked as being as cause to your hospitalization or death will be investigated and if you have not disclosed to the company about it then sum assured & other benefits will not be given to you or your dependents/nominee. Remember your premiums are decided on this information. If there is nothing that can be held against you then the insurer will have to honor the insurance claim.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2.</b> <b>Accept Medical Examination:</b> After certain age, life insurer ask for sponsored medical examination and test to get better understanding of your medical condition. These test may also help you detect diseases early, and treat them accordingly. These test will decide acceptance/rejection of policy or clear your doubts about any future rejection of claims due to concealing health information. </span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. Pay Insurance Premium On-Time:</b> Remember Insurance company only settle claims on Active Insurance Policies. But there are number of people who do not understand that delaying premium payments result in lapsed policies. Once your policy get lapse, you are no longer covered and all your premiums paid that far will be rendered useless. Your nominee may lost their legal validity to get sum assured on death from the company. In some cases delaying your insurance premium payments lead to Late Payment Surcharge for re-reinstatement of the policy.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. Nominee Information:</b> Nominee is the person who will receive any and all benefits that come out of your insurance policy in your absence. Nominee should be generally that person whose livelihoods are directly depends on you being alive and well. So nominate some one is more important. If you are single than nominate your parents, if married then spouse or children. Whatever your present relationship status is, always keep nominee name update so that some benefits will to some dependents of yours. If there is no nominee then death benefits may be freeze/rejected.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>5. Scrutinize the Policy Documents:</b> Merely telling the insurance agent everything about your medical history will not qualify him to understand and explain all on the form about your medical history. Insurers decide your premium payment amount, overall coverage, and even some exclusions based on whats' filled out in your forms. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">No one knows better that you, and you need to make sure the insurance provider knows too. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">You need to take the time out of your busy schedule and check the form that all details are filled in order and truthfully. Check Clauses such as the exception list that indemnifies the insurer from any kind of liability towards you exist all over your policy documents. </span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Keep yourself informed about all developments with your insurer. Keep yourself informed about the details in your policy documents. Stay well informed about the conditions under which you will be eligible for a claim. </span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com2tag:blogger.com,1999:blog-837795925357365824.post-11966430312980219422017-12-07T13:20:00.000+05:302019-02-23T09:08:21.327+05:30Personal Loan - How To Avail it !<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Personal Loan everybody's prime requirement nowadays. Every persons are in need of some fund to fulfill their desire, enjoy their festivals, or special occasion. But sometimes earlier people thinks taking loan is almost a <b>big sin</b>. Daily you certainly get some calls from bank or financial institution asking you about your willingness to take personal loan. It seems Personal Loan is become your helping hand. Here we shall discuss about your financial companion i.e. Personal Loan. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Unsecured Loan:</b> Personal Loan comes under Unsecured Loan category. It is unsecured because you do not have to put any thing lien or give guaranty to get it. So, it becomes attractive.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Tenure:</b> You can generally get personal loan for the period of 1-5 years. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Documentation:</b> First you should know the documents mandatory to apply for personal loan. The list of documents are as follows:</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">1) PAN Card</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">2) Aadhar Card (It is mandatory)</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">3) Passport or Driving License as Identity Proof</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">4) For Resident Proof you can submit Passport copy, Ration Card Copy, Electricity/Telephone bill, Gas Bill, Bank Statement copy etc.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">5) If you are salaried then arrange Salary Slip (latest 3 Months), Form 16 and Six month Bank Statement. If you are self employed then you have to provide 2-3 years account statement and Income Tax Return copy as proof of Income.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Other Charges:</b> Bank charge not only interest on the loan amount for the given tenure but also charges Service Tax / GST (now) on interest amount and a processing fee with GST. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> (a) <b>Processing Fee</b> is charged for complete the loan procedure. Sometimes this processing fee is non-refundable depending upon bank/financial institution' policy. It can be 0.5% to 3% of the loan amount or upto a maximum amount.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> (b) <b>Pre-closure charges</b>, is if you repay the entire loan amount before it's sanctioned tenure the bank levy a pre-closure/pre-repayment charges which is upto 2% - 5% with applicable taxes</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> (c) Apart from this if you make late to pay EMI then an other charges levy that is <b>Late Fee</b>, <b>Finance charges</b> with applicable taxes.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Interest Rate:</b> Personal Loan is totally unsecured loan so bank try to charges as maximum as possible interest rate. Normally this rate is discussed before the deal. Range of interest is between 12% to 30% per annum. Moreover interest rates are differ from bank to bank. For government employee interest rates may go down further. So, depending upon your repaying capacity and bank's policy to lend you can, negotiate for the better rates. </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">You can even offer Mutual Fund, Insurance or Fixed Deposits as security to increase loan amount.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Requirement / Usage of Personal Loan, depends on your financial/social positions. You may require it if you have taken any borrowing at higher interest rate. In such cash take a personal loan and repay it. </span><span style="font-family: "verdana" , sans-serif;">Personal loan for paying off Credit Card balance which is being rolled over for months and attracting charges. </span><br />
<span style="font-family: "verdana" , sans-serif;">So you can take it to fulfill your requirements or pay off dues or liabilities but remember loan is always injurious to your financial health.</span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com45tag:blogger.com,1999:blog-837795925357365824.post-6338064232805787112017-12-07T13:00:00.000+05:302019-02-23T09:09:08.488+05:30Tax Benefits For Senior Citizens<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">In this blog we will discuss Income Tax Benefits to Senior Citizen available as per Income Tax Act. A person becomes senior citizen once he attains 60 years of age. Income Tax Department categories Senior citizen into two part. First Senior Citizen is with age bracket of 60 years to 79 years old and Second Senior Citizen is with age bracket of 80 years and above. </span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_lAjZj6mNpExfeNZF7Q69EhZ9BcNfe9jtBnQWR3W-7JGyqXy7of1IXRI1u0G6B1_ArZCPRJKUd0hqh6IwDOkhA7aoRJkiHDkxLyuknReGkb-hT21UI4Dmk4T3hTR-G29-5zTws481uDY/s1600/Income+Tax+Exemption+Available+for+Senior+Citizen.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Income Tax Exemption Available for Senior Citizen" border="0" data-original-height="478" data-original-width="460" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_lAjZj6mNpExfeNZF7Q69EhZ9BcNfe9jtBnQWR3W-7JGyqXy7of1IXRI1u0G6B1_ArZCPRJKUd0hqh6IwDOkhA7aoRJkiHDkxLyuknReGkb-hT21UI4Dmk4T3hTR-G29-5zTws481uDY/s200/Income+Tax+Exemption+Available+for+Senior+Citizen.png" title="Tax Benefits For Senior Citizens" width="191" /></a></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">There are some tax exemption available for senior citizen. From F. Y. 2011-12 qualifying age limit for senior citizen has been reduced from 65 years to 60 years and from F Y 2015-16 exemption limit for senior citizen has been enhance from 2,50,000/- to 3,00,000/-. </span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">A new category of Very Senior Citizen has been introduced in F Y. 2011-2012 (A Y 2012-13) with qualifying age 80 years and above with enhance exemption limit of Rs.5,00,000/-.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Senior Citizens and very senior citizen are granted a higher exemption limit as compared to normal tax payers.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<b><u><span style="font-family: "arial" , "helvetica" , sans-serif;">EXEMPTION LIMITS</span></u></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">The Exemption Limit of a Senior Citizen for the financial year 2016-17 available to a Resident Senior Citizen is Rs.3,00,000/-. An Additional benefit of Rs.50,000/- in form of higher exemption limit available to Resident Senior Citizen in comparison to non-senior citizen.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">The Exemption Limit of a Very Senior Citizen for the financial year 2016-17 available to a Resident Senior Citizen is Rs.5,00,000/-. An Additional benefit of Rs.250,000/- in form of higher exemption limit available to Resident Very Senior Citizen in comparison to non-senior citizen and Rs.2,00,000/- higher than Resident Senior Citizen.</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<b><u><span style="font-family: "arial" , "helvetica" , sans-serif;">TAX BENEFIT OF MEDICAL INSURANCE</span></u></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">From Financial Year 2015-17 (A Y 2016-17) a Resident Senior Citizen can claim higher deduction of Rs.30,000/- under section 80D on insurance premium paid for Medical Insurance. Earlier it was Rs.20,000/-</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<b><u><span style="font-family: "arial" , "helvetica" , sans-serif;">HIGHER DEDUCTION U/S 80DDB</span></u></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Section 80DDB provides deduction to an assessee in case of expense on medical treatment of specified ailments. Deduction Limits is Rs.40,000/- for normal patient while deduction limit Rs.60,000/- for a senior citizen patient.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">From A Y 2016-17 higher limit of deduction of upto Rs.80,000/- is allowable for the expenditure incurred in respect of the medical treatment of a Very Senior Citizen.</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<b><u><span style="font-family: "arial" , "helvetica" , sans-serif;">TDS EXEMPTION ON BANK DEPOSITS</span></u></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Senior Citizen can claim exemption on the Tax Deducted At Source (TDS) on interest income earned on bank deposits. It can be done by submitting Form 15H under Section 197 of the IT Act.</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<b><u><span style="font-family: "arial" , "helvetica" , sans-serif;">HIGHER INTEREST RATES</span></u></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Senior Citizen receives higher interest rates on 5 Year Fixed Deposit which is eligible for deduction from total income under Section 80C.</span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1tag:blogger.com,1999:blog-837795925357365824.post-79212001539786032392017-12-06T14:47:00.000+05:302019-02-23T09:09:31.188+05:30Allowances or Exemptions available For Salaried For A. Y. 2018-19<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Every taxpayer who are liable to file Income Tax Return under the head Salary do knows very well that what are the allowances / exemptions available under the head salary that help them to save tax </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
</span><br />
<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
<span style="clear: left; float: left; font-family: "arial" , "helvetica" , sans-serif; margin-bottom: 1em; margin-right: 1em;"></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 7.5pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #475055; font-family: "arial" , "helvetica" , sans-serif;">Here we have made an
efforts to Summarize all <b>Allowances /Exemptions available </b></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><span style="color: #444444;">under the head Salaries</span></b><b><span style="color: #444444;"> of Tax Payers for</span></b><b><span style="color: #475055;"> AY 2018-19 [ F Y 2017-18]</span></b></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><span style="color: #444444; line-height: 115%;">Allowances / Exemptions Under the head Salaries :</span></b></span></div>
<table border="1" style="width: 100%px;">
<colgroup><col style="width: 7%;"></col>
<col style="width: 20%;"></col>
<col style="width: 30%;"></col>
<col style="width: 25%;"></col>
<col style="width: 18%;"></col>
</colgroup><thead>
<tr>
<th>Sl. No.</th>
<th>Section</th>
<th>Particulars</th>
<th>Limit of Exemptions</th>
<th>Exemption Available To</th>
</tr>
</thead>
<tbody>
<tr>
<th>1</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(7)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Any allowance or perquisite paid or allowed by Government to its
employees posted outside India</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Entire Amount</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual- Salaried Employee (being a citizen of India)</span></td>
</tr>
<tr>
<th>2</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Allowances to Judges of High Court/Supreme Court</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt, subject to certain conditions</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Judges of High Court/Supreme Court</span></td>
</tr>
<tr>
<th>3</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Compensatory allowance received by a Judge under article 222(2) of the
Constitution</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Fully Exempt</span></td>
<td><br /></td>
</tr>
<tr>
<th>4</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Salary and allowances received by a teacher /professor from SAARC member
state (Subject to certain conditions).</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Exempt</span></td>
<td><br /></td>
</tr>
<tr>
<th>5</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(45)</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Following allowances and perquisites given to serving
Chairman/Member of UPSC is exempt from tax:</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">a) Value of rent free official residence</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">b) Value of conveyance facilities including transport allowance</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">c) Sumptuary allowance</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<span style="color: #475055; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">d) Leave travel concession</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Fully Exempt</span></td>
<td><br /></td>
</tr>
<tr>
<th>6</th>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(45)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Allowances to Retired Chairman/Members of UPSC</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt subject to maximum of Rs. 14,000 per month for defraying the
services of an orderly and for meeting expenses incurred towards secretarial
assistant on contract basis.</span></td>
<td><br /></td>
</tr>
<tr>
<th>7</th>
<td> - </td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Allowances paid by the UNO to its employees</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
</td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Fully Exempt Individual – Government employee</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
</td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Individual – Employees of UNO</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<th>8</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">16 (ii)</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Entertainment Allowance received by the Government employees
(Fully taxable in case of other employees)</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
</td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Least of the following is exempt from tax:</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">a) Rs 5,000</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">b) 1/5th of salary (excluding any allowance, benefits or other
perquisite)</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">c) Actual entertainment
allowance received</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Individual – Government Employee</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<th>9</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(13A)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">House Rent Allowance (Sec. 10(13A) & Rule 2A)</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Least of the following is exempt:</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">a) Actual HRA Received</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">b) 40% of Salary (50%, if house situated in Mumbai, Calcutta,
Delhi or Madras)</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">c) Rent paid minus 10% of salary</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">* Salary= Basic + DA (if part of retirement benefit) + Turnover
based Commission</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">Note:</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">i. Fully Taxable, if HRA is received by an employee who is
living in his own house or if he does not pay any rent</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">ii. It is mandatory for
employee to report PAN of the landlord to the employer if rent paid is more
than Rs. 1,00,000 [Circular No. 08 /2013 dated 10th October, 2013].</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>10</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Children Education Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 100 per month per child up to a maximum of 2 children is
exempt</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>11</th>
<td><span style="color: #464646; font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Hostel Expenditure Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 300 per month per child up to a maximum of 2 children is
exempt</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>12</th>
<td><span style="color: #464646; font-family: "times new roman" , serif; font-size: 16px;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Transport Allowance is granted to an employee to meet expenditure on
commuting between place of residence and place of duty</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 1,600 per month (Rs. 3,200 per month for blind, deaf, dumb and
handicapped employees) is exempt</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>13</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Allowance granted to an employee working in any transport business to
meet his personal expenditure during his duty performed in the course of
running of such transport from one place to another place provided employee is
not in receipt of daily allowance</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">Amount of exemption shall be lower of following:</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #475055; font-size: 12.0pt;">a) 70% of such allowance; or</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">b) Rs. 10,000 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>14</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Conveyance Allowance granted to meet the expenditure on conveyance in
performance of duties of an office</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt to the extent of expenditure incurred for official purposes</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>15</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Any Allowance to meet the cost of travel on tour or on transfer</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt to the extent of expenditure incurred for official purposes</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>16</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Daily Allowance to meet the ordinary daily charges incurred by an
employee on account of absence from his normal place of duty</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt to the extent of expenditure incurred for official purposes</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>17</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Helper/Assistant Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt to the extent of expenditure incurred for official purposes</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>18</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Research Allowance granted for encouraging the academic research and
other professional pursuits</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Exempt to the extent of expenditure incurred for official purposes</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>19</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Uniform Allowance</span></td>
<td>Exempt to the extent of expenditure incurred for official purpose</td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>20</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Special compensatory Allowance (Hilly Areas) (Subject to certain
conditions and locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Amount exempt from tax varies from Rs. 300 per month to Rs. 7,000 per
month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>21</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14) read with Rule 2BB</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Border area allowance Remote Locality or allowance or Disturbed Area
allowance or Difficult Area Allowance (Subject to certain conditions and
locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Amount exempt from tax varies from Rs. 200 per month to Rs. 1,300 per
month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>22</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Tribal area allowance in (a) Madhya Pradesh (b) Tamil Nadu (c) Uttar
Pradesh (d) Karnataka (e) Tripura (f) Assam (g) West Bengal (h) Bihar (i)
Orissa</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 200 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>23</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Compensatory Field Area Allowance. If this exemption is taken, employee
cannot claim any exemption in respect of border area allowance (Subject to
certain conditions and locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 2,600 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>24</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Compensatory Modified Area Allowance. If this exemption is taken,
employee cannot claim any exemption in respect of border area allowance
(Subject to certain conditions and locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 1,000 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>25</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Counter Insurgency Allowance if this exemption is taken, employee cannot
claim any exemption in respect of border area allowance (Subject to certain
conditions and locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 3,900 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>26</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Underground Allowance is granted to employees working in uncongenial,
unnatural climate in underground mines</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 800 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>27</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">High Altitude Allowance is granted to armed forces operating in high
altitude areas (Subject to certain conditions and locations)</span></td>
<td><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="color: #444444; font-size: 12.0pt;">a) Up to Rs. 1,060 per month (for altitude of 9,000 to 15,000
feet)</span><span style="color: #464646; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></div>
<span style="color: #475055; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">b) Up to Rs. 1,600 per
month (for altitude above 15,000 feet)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Members of Armed Forces</span></td>
</tr>
<tr>
<th>28</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Highly active field area allowance is granted to members of armed forces
(Subject to certain conditions and locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 4,200 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Members of Armed Forces</span></td>
</tr>
<tr>
<th>29</th>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Sec. 10(14)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Island Duty Allowance is granted to members of armed forces in Andaman
and Nicobar and Lakshadweep group of Island (Subject to certain conditions and
locations)</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Up to Rs. 3,250 per month</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Members of Armed Forces</span></td>
</tr>
<tr>
<th>30</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">City Compensatory Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>31</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Fixed Medical Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>32</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Tiffin/Lunch/Dinner/ Refreshment Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>33</th>
<td> - </td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Servant Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>34</th>
<td> - </td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Dearness Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>35</th>
<td> - </td>
<td><span style="color: #444444; font-family: "arial" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Project Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>36</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Overtime Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>37</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Telephone Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>38</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Holiday Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
<tr>
<th>39</th>
<td> - </td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Any Other Cash Allowance</span></td>
<td><span style="color: #444444; font-family: "calibri" , sans-serif; font-size: 16px;">Fully Taxable</span></td>
<td><span style="color: #444444; font-family: "calibri" , "sans-serif"; font-size: 12.0pt; line-height: 115%;">Individual – Salaried employee</span></td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-73223929015437189692017-12-01T13:00:00.000+05:302019-02-23T09:10:12.036+05:30Insurance Premium Saving Factors !<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Friends asks, how to save insurance premium? What are the way to save insurance premium? How I can save insurance premium? What are the factors that affect insurance premiums? Hope many of us always thinking about this. And always ask our Insurance Agent friends. </span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">A Lower premium paid can yield to a good amount of savings over a period of few years. Life insurance premiums are based on number of factors and it can be quite tedious for few people to understand. Like why insurance premium of same same are not same? Why premium of same age & same amount not same? etc..</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">There are some factors that many insurance companies consider when pricing their policies. Those factors can effect your life insurance premium which not in our control but we can.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">There are some factors listed below which affect our life insurance premiums are:</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRSpbeXk2-VXhOrh9olSpJ900yPvdf3J9S9nvr6yYyxfhcJCWHSAilisz1lv3J3m4fMSWmHmm4XZhyKlzIJ-6m0Z7wIerglPk33Ve9Bjw5nGb_zzG4o48TlLAr49Kcr3yVK6D71kPMHrA/s1600/CUT+YOUR+INSURANCE+PREMIUM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Insurance Premium Saving Factors." border="0" data-original-height="211" data-original-width="280" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRSpbeXk2-VXhOrh9olSpJ900yPvdf3J9S9nvr6yYyxfhcJCWHSAilisz1lv3J3m4fMSWmHmm4XZhyKlzIJ-6m0Z7wIerglPk33Ve9Bjw5nGb_zzG4o48TlLAr49Kcr3yVK6D71kPMHrA/s200/CUT+YOUR+INSURANCE+PREMIUM.png" title="How to Save Insurance Premium " width="200" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>a) Age Factor: </b>This is factor always affects insurance premium. If you are young the rates will be lower in comparison to someone older. The death possibility or contract to life threatening disease in younger individual are very low. The insurance companies believes that a young can pay many insurance premium installments before they have to write a cheque for your family.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>b) Policy Type Factor:</b> Different type of policy charges different types of life insurance premium for the same person for same tenure and same Sum Assured. It differs the bonus amount/ Loyalty Amount payable on that policy. Like Premium of New Jeevan Anand Policy and New Endowment Policy of 21 year old person for 20 years terms are differ. </span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>c) Policy Tenure Factor: </b>The policy tenure also affects insurance premium. The longer the tenure of the policy the larger the amount of benefit at the time of death as well as lower premium amounts. Short term policy are more expensive than of long term insurance policy.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>d) Rider Factors:</b> Some policy offers riders on that particular policy. If someone opt this rider than its premium amount become higher than without rider. So when you opt it think about it.</span></div>
<div style="text-align: justify;">
<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>e) Medical History Factor:</b> Every person who like have an insurance policy need to provide their health records.These records ensures that you don't have any chronic diseases or potential health issues. This keeps a check on your premium amount. </span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">But if a person has medical history of serious illness like cancer, heart diseases or any other then that makes them susceptible to get these from a hereditary perspective. Which increases the individuals insurance premium by larger margin than.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>f) Profession Factor:</b> Your profession/job also plays an important role in the premium you pay for the policy you want to take. Any policy holder working in the mining industry, oil And gas, fisheries or any other dangerous profession increases the premium amount.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>g) Hobby Factor:</b> Many insurers have a higher premium for people who love to takes risks for the thrill of it, like speeding cars / car race, climbing treacherous mountains or participates in other high risks activities. Thereby increasing your premium to substantially more than other.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>h) Drinking / Smoking:</b> Insurance companies ensure to ask the applicant if they are smoker or drinker. Drinking or smoking is always injurious to health. So if you are a smoker / drinker that raises red flag to insurance companies. Mostly these kind of people pays double the insurance premium than that of non-smoker/drinker. So, avoid it.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>i) Gender Factor:</b> Insurance companies ask for your gender. This does not mean insurance companies are against gender equality, But they believes that there is a different life expectancy for different genders. As per studies and statistical findings, women are believed to live 5 years more than men at the minimum resource. Therefor affecting the premium they pay for a larger period of time but at lower rate which is a plus point for the women.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">How these factors affect your insurance premium is depends on the insurance company policy about the way they treat these factors and the combination of them. Every insurance policy is based on each individual and premiums are calculated on the insurance company's rules of rating.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Consider these above factors to live a health life and save money.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com1Shalimar Bagh, New Delhi, Delhi 110088, India28.7164134 77.15458460000002128.6607099 77.073903600000023 28.7721169 77.23526560000002tag:blogger.com,1999:blog-837795925357365824.post-14245136534051574322017-11-24T13:18:00.000+05:302017-11-24T14:56:36.389+05:30Notice For Modification of LIC Jeevan Akshay - VI (Plan No.189)<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: left;">
Today LIC has issued a Notification regarding Modification of LIC's Jeevan Akhay - VI (Plan no.189) (UIN:512N234V05). Read Complete Notification here as-</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<span style="font-family: "courier new" , "courier" , monospace;">LIFE INSURANCE CORPORATION OF INDIA</span></div>
<div style="text-align: center;">
<span style="font-family: "courier new" , "courier" , monospace;">CENTRAL OFFICE</span></div>
<div style="text-align: center;">
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span></div>
<span style="font-family: "courier new" , "courier" , monospace;">Dept: Product Development "Yogakshema"</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"> Jeevan Bima Marg.</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"> Mumbai - 4000021</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"> 24th November, 2017</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;">Ref: CO/PD/100</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;">To</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">All HODs of Central Office</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">All Zonal Offices,</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">All Divisional Offices</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">All Branch Offices (Through D.O's)</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">MDC, ZTCs, STC, NIA and</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">Audit & Inspection Depts. of Zonal Offices</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<b><u><span style="font-family: "courier new" , "courier" , monospace;">Re: Modification of LIC's Jeevan Akshay -VI (Plan No. 189)(UIN:512N234V05)</span></u></b><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;">This is to inform that the current annuity rates applicable to individual annuities under LIC's Jeevan Akshay -VI (UIN:512N234V05) will not be available with effect from 01.12.2017</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKL1E6ojzBenTkifA6Wnrch4eBm1snzm8rj1_tMN5ei3VXypqI3wyDC07VqZl47fZPLgtS0PbjT_TxDHKiD73ra8I8_8Jqf3SX54gqcSKjO8Jw2_4PgL7YggqFtP9CCrdrTkqTZoLfNdY/s1600/Notification+Jeevan+Akshay+VI.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Notice-of-Modification-of-Jeevan-Akshay-VI-(Plan No.189)" border="0" data-original-height="1280" data-original-width="720" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKL1E6ojzBenTkifA6Wnrch4eBm1snzm8rj1_tMN5ei3VXypqI3wyDC07VqZl47fZPLgtS0PbjT_TxDHKiD73ra8I8_8Jqf3SX54gqcSKjO8Jw2_4PgL7YggqFtP9CCrdrTkqTZoLfNdY/s320/Notification+Jeevan+Akshay+VI.jpeg" title="Notice of Modification of Jeevan Akshay VI (Plan No.189)" width="180" /></a><span style="font-family: "courier new" , "courier" , monospace;">The existing annuity rates would apply on all proposals with full premium received proposals registered and also completed as on 30.11.2017 or before. The annuity rates of LIC's Jeevan Akhshay-VI (UIN:512N234V05) will be revised with effect from 01.12.2017. The revised annuity rates would apply on all proposals registered and / or completed from 01.12.2017.</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;">Therefore, all our offices are requested to ensure that all the proposals received under this plan LIC's Jeevan Akhshay-VI (UIN:512N234V05) on or before 30.11.2017 are completed as at 30.11.2017. For any incomplete proposal even if registered on or before 30.11.2017 but not completed on a date before or as at 30.11.2017, revised annuity rates would apply.</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;">For the proposals completed before or as at 30.11.2017, in case of cheque dishonour and sbsequent receipt of money and completion of such cases after 30th November 2017, revised annuity rates would apply.</span><br />
<span style="font-family: "courier new" , "courier" , monospace;"><br /></span>
<span style="font-family: "courier new" , "courier" , monospace;">[Signature]</span><br />
<span style="font-family: "courier new" , "courier" , monospace;">Executive Director (Marketing & Product Develpment)</span><br />
<br />
<b><u><span style="font-size: large;">FAQ</span></u></b><br />
<b><span style="font-family: "arial" , "helvetica" , sans-serif;">What is LIC's Jeevan Akhshay-VI (Plan No. 189) (UIN:512N234V05) ?</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">It is an immediate Annuity Plan. It is one time investment with Life Time Return Pension Plan applicable with next Month, Quarterly, Half Yearly or Yearly.</span><br />
<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b>
<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Can we Surrender Jeevan Akshay VI (Plan -189) ?</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Yes! You can Surrender Jeevan Akshay -VI after one year and get back your money with OPTION-F</span><br />
<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b>
<b><span style="font-family: "arial" , "helvetica" , sans-serif;">What are the Special Features of Jeevan Akshay VI (Plan -189) ?</span></b><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEislsKCWbfov7YVlgnLdrvQAyb_lJAZvC1w5YB6HvdLHyl5KLNo8y_6_27RTkK5iw-8-WVwcamnkYHVVXGFIDSi1VFSSOWgRddgeJ82hLPeLavKOoe32OGkywoXWsdD8ssKE09awBDqFwA/s1600/Jeevan+Akshay+VI+Plan.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1280" data-original-width="963" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEislsKCWbfov7YVlgnLdrvQAyb_lJAZvC1w5YB6HvdLHyl5KLNo8y_6_27RTkK5iw-8-WVwcamnkYHVVXGFIDSi1VFSSOWgRddgeJ82hLPeLavKOoe32OGkywoXWsdD8ssKE09awBDqFwA/s320/Jeevan+Akshay+VI+Plan.jpeg" width="240" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;">There are lots of special feature this plan has. Some of them are listed below :</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1></b> It Does Not Effect Your Pension Amount inspite of regular changing in Bank's FD Rate</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2></b> After Policy Holder All Money Will Be Returnable to Nominee. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3></b> Available Pension Option of Monthly, Quarterly, Half-yearly And Yearly</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4></b> Pension Available From Just Next Month</span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>5></b> Minimum Entry Age 30 Years, Maximum Entry Age 85 Years</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>6></b> Minimum Investment Limit - 1 Lakh, Maximum Investment Limit - No Limit</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>7></b> Direct Credit of Pension Into Your Bank Account.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>8></b> After Death of Husband & Wife All Amount Returnable to Next Legal Successor (Option-J)</span><br />
<br />
<div style="text-align: center;">
<span style="background-color: blue; color: yellow; font-size: large;"><b><br /></b></span></div>
<div style="text-align: center;">
<span style="background-color: blue; color: yellow; font-size: large;"><b><br /></b></span></div>
<div style="text-align: center;">
<span style="background-color: blue; color: yellow; font-size: large;"><b>ACT NOW. NO TENSION ONLY PENSION</b></span></div>
<br /></div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-31048818873288442912017-11-13T17:04:00.000+05:302017-12-07T13:16:17.216+05:30How To Check Income Tax Refund Status ?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Did you file your income tax return for the assessment year? Does it has any Refund amount ! And you did not receive your refund yet. Here I am telling you how to check Income Tax Refund online.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">First you have get register yourself at Income Tax efiling Website with details like <b>PAN No</b>. <b>Name of the Assessee (As per PAN Card)</b>; <b>Date of Birth</b>; <b>Mobile No</b>. and <b>Email ID</b>.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Check your ITR, Is there are any Refund Amount as per your income tax return? Then you need to <a href="https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html" target="_blank"><b>LOGIN</b> </a>Income Tax efiling website. Go to click <b>My Account </b> drop down and check <b>Return/Form</b> </span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE6EMgG48VNtwjk_D1nqQAyOrkGd-o5Jjkm1KLJ8v1bZhG4idHBzVnSPJUK0X7Jlnj0AqEzcbRPhcCGaT0cYik0N1bNvnwpQ0yqDHEAhCbxEoRhUNEcC8lh5WhBDXGsxt2DGHpinEnRzA/s1600/refund-returns.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "verdana" , sans-serif;"><img alt="How-To-Check-Income-Tax-Refund-Status" border="0" data-original-height="200" data-original-width="550" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE6EMgG48VNtwjk_D1nqQAyOrkGd-o5Jjkm1KLJ8v1bZhG4idHBzVnSPJUK0X7Jlnj0AqEzcbRPhcCGaT0cYik0N1bNvnwpQ0yqDHEAhCbxEoRhUNEcC8lh5WhBDXGsxt2DGHpinEnRzA/s640/refund-returns.png" title="How To Check Income Tax Refund Status" width="640" /></span></a></div>
<div class="separator" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Check if it is <b>processed or not.</b> If it is yes then then check<b> Refund/Demand Status</b> in <b>My Account</b> tab. It will redirect to <b>Tin-NSDL</b> Website. Fill all details and get the status.</span></div>
<div class="separator" style="clear: both; text-align: justify;">
<a href="https://tin.tin.nsdl.com/oltas/refundstatuslogin.html" target="_blank"><b><span style="font-family: "verdana" , sans-serif;">Click Here</span></b></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioyEDCyNjXDgHfCfj0rrnaiccKlY2G3M75imz8nrxre7drYl4Hys11Wa5wyfneC1neb2bnfcX7-_eoZaXM7j5PqaVhfgpuGRcTL5BRRL0XhxpHPgoajfP6k6osStVcalRtqzO38Oa3Qpk/s1600/Tin-NSDL+Income+Tax+Refund+Status.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "verdana" , sans-serif;"><img alt="Tin-NSDL-Income-Tax-Refund-Status" border="0" data-original-height="188" data-original-width="419" height="284" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioyEDCyNjXDgHfCfj0rrnaiccKlY2G3M75imz8nrxre7drYl4Hys11Wa5wyfneC1neb2bnfcX7-_eoZaXM7j5PqaVhfgpuGRcTL5BRRL0XhxpHPgoajfP6k6osStVcalRtqzO38Oa3Qpk/s640/Tin-NSDL+Income+Tax+Refund+Status.jpg" title="Tin-NSDL Income Tax Refund Status" width="640" /></span></a></div>
<div class="separator" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Fill all Details like your PAN No. and select Assessment Year & fill Captcha Code of which you want to check your Income Tax Refund Status. </span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">If it is showing that<b> Refund processed</b> but you have not received any refund cheques/ ECS then again <a href="https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html" target="_blank"><b>LOGIN</b> </a>Income Tax efiling website. You can only raise a request of Refund Re-issue if your refund failed to reach you and was return to Income Tax Department. Go to <b>My Account</b> drop down Select <b>REFUND RE-ISSUE REQUEST</b>. </span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQrucjrBV3S5gv3YqutKm7BcQzR2fQ7zUiXjXm6cZOMwxFozvn-e95C2rxSf4Rcb_8C3QoDtwNuZVPSxK8x7FlAo0HAtiE5IxQeNFbZyX9yMmnPZ24AtaqsD71Srj4jq5NPKWAQYuczFU/s1600/refund-reissue.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "verdana" , sans-serif;"><img alt="Income-Tax-Refund-Re-Issue-Request" border="0" data-original-height="200" data-original-width="550" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQrucjrBV3S5gv3YqutKm7BcQzR2fQ7zUiXjXm6cZOMwxFozvn-e95C2rxSf4Rcb_8C3QoDtwNuZVPSxK8x7FlAo0HAtiE5IxQeNFbZyX9yMmnPZ24AtaqsD71Srj4jq5NPKWAQYuczFU/s640/refund-reissue.png" title="Income Tax Refund Re-Issue Request" width="640" /></span></a></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Select the mode of Refund you want to receive, if selected <b>ECS </b>then provide your correct bank account details or if wish to receive thru <b>DD/Banker's Cheque</b> then provide correct address. If your address has been changed then update your Contact Details at Profile Setting tab. </span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Hope the above will help you to track your Income Tax Refund Status. You can track directly here, <a href="https://tin.tin.nsdl.com/oltas/refundstatuslogin.html" target="_blank"><b>CLICK HERE</b></a>.</span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="" style="clear: both; text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: justify;">
<br /></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-77372860424592266712017-11-11T13:26:00.000+05:302018-07-13T17:59:29.058+05:30How Much Insurance Do I Need !!!<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Do all of us require life insurance?? My answer is "YES" Because, Health of elderly parents, Education of Children and life of Spouse are put under a big question mark when bread earner dies. Not only losing the loved ones, most of the times families get into serious financial crisis. Now the question is " How Much Life Insurance Do I Need To Secure My Family?" But first you realize that whether you need any life insurance to take. If so, then here are some parameters on calculating how much life insurance you really need.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. <u>Earning Power:</u></b> Life insurance amount must cover at-least the earning power of the person. For Example you earn Rs.50 thousand per month then your expenses ratio would around this amount. Now if something happens, interest income from insurance policy claim proceeds must be around or more than Rs.50 thousand, considering the fluctuation in money value due to inflation.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2. <u>Dependents:</u></b> If you are young and single you do not worry much about this. Mostly liability started arise once you get married. But after marriage this is must. Your Spouse and your children or your parents requires it more in your absence, because they depends on you. If you are only earner in the family then you need higher insurance coverage.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. <u>Having Loan:</u></b> If you have some loan/debt then the policy coverage must be higher to cover your loan/debt amount. Imagine the situation when the person had a bulk house loan to pay and there is no earner. Remember when you have loans or other debts, consider taking a policy with higher coverage after checking your affordability to pay the premium along with EMI.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Life insurance is not necessary if you do not dependents. Having surplus resources to take care of dependents. No debts/Loan, You are single and just started earnings.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">There are some basics to check it like Take all your insurance policies and calculate total insurance cover you have. Now analyze and compare it with your earning in your absence and ask yourself "will this amount fulfill / protect family's lifestyle forever in my absence". If your earning does not allow much to take regular insurance cover then go for some Term Insurance.</span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Calculate and take the right insurance cover for you and protect your family's lifestyle forever.</span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></div>
</div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com0tag:blogger.com,1999:blog-837795925357365824.post-68912766428648803582017-11-10T16:19:00.000+05:302017-12-07T13:18:12.555+05:30Life After Life With Life Insurance<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0Cy9p2F1rv5Kjzkdns1zvCmlWxkKs3t-ZMk_NmMLB9kObfwIp7QIjvZ451oY4MGfS8pRRl-fvS80SZb-mEyCBk4IG-iD90LHfDb33t7JnG_3Gfr4IlzKqY5ZyleKO5xZV0F2-ZAIm8K0/s1600/Life+After+Life+With+Life+Insurance.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Life-After-Life-With-Life-Insurance" border="0" data-original-height="389" data-original-width="348" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0Cy9p2F1rv5Kjzkdns1zvCmlWxkKs3t-ZMk_NmMLB9kObfwIp7QIjvZ451oY4MGfS8pRRl-fvS80SZb-mEyCBk4IG-iD90LHfDb33t7JnG_3Gfr4IlzKqY5ZyleKO5xZV0F2-ZAIm8K0/s320/Life+After+Life+With+Life+Insurance.jpg" title="Life After Life With Life Insurance" width="286" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">One of my client asked me "why every alternate day an LIC Agent came to me and asked to buy an insurance policy? How I can buy if not able save to afford premium amount? I ask him just to imagine "you are the head of the family and only earning member. You have a good job, own flat, kids taking education in good school. But suppose unfortunately you are no more or no-more earning as now, then............. " that person silence for some time. Again I asked can you again imagine that your family can live without you as comfortable as now. They need money to fulfill their needs even in your absence... so we people come and tell you to do some for future cash requirement.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Always remember loss of an income always creates a dent in the financial plans of any family, and if that income is the only income, the damages can be very severe.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Nothing can be done to compensate for the emotional loss of the family. But we do something to take care of them financially when we are not there.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Therefore we can secure our family's financial future by buying a life insurance policy. Besides do not overlook benefits of a life insurance during your lifetime, especially if you are young. Here I am listing some reasons for buying Life Insurance Policy.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. <u>Life After Life :</u></b> As I illustrated above there are life after your life who need money to survive and fulfill their requirements. They are your dependent spouse, your child, your mother-father whom you love so much.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2. <u>Supplements for your Retirement Goals:</u></b> With a life insurance plan, you can ensure you have a regular stream of income every month till you survive. So, invest some money in Pension Fund scheme.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. <u>Tax Saving Purpose:</u></b> The premium you pay on an insurance policy is eligible for maximum tax benefit upto Rs.1.50 Lakh under section 80C. And give you a tax free return at the time of Maturity or death under section 10(D) of IT Act, 1961. So, y</span><span style="font-family: "arial" , "helvetica" , sans-serif;">ou can save tax with insurance policies irrespective of what plan you buy.</span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. <u>Peace of Mind:</u></b> We all knows death is unavoidable. Atleast you can do this for your family to secure their financial future. Even if it is a small policy, you know that you have done all you can.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>5. <u>Forced Saving Tools:</u></b> If you are not able to invest thou this investment forcefully ask you to save some money for future. If you choose a traditional or ULIP policy, you pay a premium each month, means each month savings.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>6. <u>Delay Cost More:</u></b> Life insurance policy run on uncertainties. Now you are healthy so you can buy a life insurance but if you are ill your policy may be rejected. Buying life insurance early is cheaper than buying later. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>7. <u>Helpful in Debt-dealing: </u></b>If you have any home loan or car loan, you must not want your family to deal with financial liabilities during a crisis. Any outstanding debt either home loan, auto loan, personal loan or credit card outstanding will be taken care of if you have right (amount) insurance policies.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>8. <u>Fulfill Long-Term Goal:</u></b> Life insurance a tool for long-term investment. It may help you to achieve your future goals such as buying home, fund for higher education of your child.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Using life insurance as an investment tool might make sense for some people in some situations - usually high net-worth individuals looking for a way to minimize income taxes. For the average person, it may fulfill their future financial needs.</span></div>
Pradip Royhttp://www.blogger.com/profile/03895620640423483782noreply@blogger.com2