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Composite Rate of Tax - Life Insurance Business

Composite Rate of Tax - Life Insurance Business - Service Tax - Abatement, Composite Rate of Tax, and Valuation Scheme for specified services - 102 - Composite Rate of Tax - Services by an Insurer Carrying on Life Insurance Business Rule 6(7A) of Ser .....

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i) of Service Tax Rules, 1994] i. Gross premium charged from a policy holder minus ii. Amount allocated for investment or savings Thus, tax at 14% of (i) - (ii) OPTION B: Composite Rate of tax will as follows: [rule 6(7A) of Service Tax Rules, 1994] .....

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