ADVANCE TAX Reduction using traditional insurance
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Using insurance as key to reduce advance tax liabilities
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ADVANCE TAX Reduction using traditional insurance
- 1. 14 What are Income Tax Rates for Businesses? Income Tax Rates: Tax Rate For Partnership Firm/LLP: 34.94% Tax Rate for Private/Public Limited Company:25.17% Tax Rate for Proprietorship Company: Individual Tax slab rate
- 2. Taxation under Employer Employee Policy 15 © Max Life Insurance 1) At the time of premium payment: Entire Premium contribution is a business expenses under section 37(1) of Income Tax Act, 1961 (read along with CBDT Circular 762 and Section 10(10D) of Income Tax Act, 1961 as given in next two slides) Tax benefits are not guaranteed by Max Life