Sentences with phrase «in financial year»

Adoption Support Fund We are delighted to let you know that the Adoption Support Fund will continue with increased funding in financial year 2016 - 17.

The data covers arrangements made in the financial year 2015 to 2016 and since the creation of CM Options in 2008.

How schools and local authorities spent their funding on education, children's services and social care in the financial year 2016 to 2017.

$ 24.5 million in this financial year to health and ageing programs including Indigenous Health — Healthy for Life; Combating Petrol Sniffing; extending the eligibility for the Hearing Services Program; to increase capacity building in Indigenous communities through the National Illicit Drugs Strategy and additional funding to the Primary Heath Care Access program;

The data covers 2 time periods — effective arrangements made in the financial year 2013 to 2014, and since the creation of CM Options in 2008.

And those who fail to pay the tax and declare their investment in the financial year will have to pay a penalty of fifty - two hundred percent, in addition to twelve percent interest annually on the penalty amount.

«We need to grow much more than the industry according to our plan, and hence, expect to see 20 per cent plus premium growth in this financial year.»

Contingent Reversionary Bonus is declared in every financial year and it is accrued when a policy is paid - up or fully paid policy is surrendered.

Bonus: Is the additional amount which the insurer gives to the policyholders out of the profits earned in a financial year.

Reversionary Bonuses are declared in every financial year.

As per the company, India has 60 million internet users with recorded e-commerce transactions amounting to Rs 1800 crores in Financial Year 2008.

(Claim Settlement Ratio in simple words is number of claims settled by the insurance company for every 100 claim applications received by the company in a financial year)

It is calculated as the total value of all claims paid by the company divided by the total amount of premium collected in a financial year.

The maximum tax benefit that can be availed is Rs 1.5 lakh in a financial year.

where, Total Claims received = (Claims reported in the financial year + claims pending at the start of the year)

Under Section 80C, you can invest in a life insurance product and claim tax benefit up to Rs. 1.5 lakh in a financial year.

In the financial year 2015, Max Life documented Gross Written Premium of Rs. 8,172 crore with sum assured of Rs. 2, 26,701 crore and Asset Under Management of Rs. 31,220 crore as on 31st March 2015.

This insurer has one of the highest claim settlement ratios in the Financial year 2015 - 16.

Fixed Deposits attract TDS, if the principal amount exceeds INR 10,000 in a financial year.

Whenever a policy is matured for payment in any financial year and the bonus is not declared till that date, then for the last year, LIC adds the interim bonus.

The industry recorded a penetration level of 3.3 % in Financial Year 2014 - 2015 which declined from the earlier level of 3.9 %.

Increased from Rs. 1,372.64 crore in financial year 2010 to Rs. 4,865.81 by FY13, almost Rs. 5,000 crore unclaimed amount is lying with insu... read more

While the presumptive scheme for advance tax payments are usually reserved for business people alone, such a scheme has very recently been extended to architects, lawyers and doctors in the financial year 2016 to 2017.

The settlement ratio of the industry rose to 97.74 percent from 97.43 percent in the financial year 2017, and the disclaimer ratio decreased to 1.45 percent, in comparison to 2016's 1.73 percent, in the financial year 2017.

India's largest car maker by sales, Maruti Suzuki India Ltd, incurred an expense of Rs. 100.9 crore in the financial year 2014 over product recall and warranties, as mentioned in the company's annual report.

These tax return calculators are those that work on very sophisticated software and are guaranteed to generate the correct returns that a tax payer is supposed to file depending on the income that he earns in every financial year.

There was a downfall in the number of repudiated policies by LIC by 0.97 percent in the financial year 2017 in comparison to 0.98 percent in the previous year.

If the premium paid in a financial year exceeds 20 % of the actual capital sum assured, then tax benefit will be applicable only for the premium up to 20 % of the sum assured.

The bonus depends on the profit earned by the company in a financial year and it varies according to the company's performance.

In the financial year of 2013 - 14, IRDA's Bima Bemisaal also undertook a plethora of education initiatives for consumers under itself.

Tax is deducted (TDS) by the banks on FDs if interest paid to a holder at any bank crosses Rs. 10,000 in a financial year.

Premiums paid towards a life insurance policy is eligible for tax deductions under Section 80C with a limit of 1 lakh in a financial year.

Increased from Rs. 1,372.64 crore in financial year 2010 to Rs. 4,865.81 by FY13, almost Rs. 5,000 crore unclaimed amount is lying with insurance companies.

It will also include income tax concession in this financial year.

Superannuation Standalone Immediate Annuity, which is used to pay annuities under superannuation funds not managed by ICICI Prudential, and under other groups, if the premium for annuity purchase is less than Rs. 2 crores in a financial year.

This is within the stipulated limits where the premium paid for the endowment life plan in any financial year should not exceed 10 % of the sum assured.

Do note that if you surrender before 5 years, the Surrender value amount should be included to your taxable income in that financial year.

In the financial year 2014 - 15, Max Life Insurance ranked fourth among private life insurers with a market share of 9.7 %.

In the financial year 2015, Max Life recorded Gross Written Premium of Rs. 8,172 crore with sum assured of Rs. 2, 26,701 crore and Asset Under Management of Rs. 31,220 crore as on 31st March 2015.

A claim settlement ratio is a percentage that indicates the number of insurance claims settled against the number of claims filed in a financial year.

If the amount of premium paid in a financial year for a policy is in excess of 20 % of the actual capital sum assured, then deduction will be allowed only for premiums up to 20 % of the sum assured.

Section 80C covers investment in various financial instruments including Life Insurance (including Term Insurance, Child Plans, ULIPs, all Savings Plans, Wealth Plans and Pensions Plans, but excluding Health Plans) up to a maximum limit of Rs. 1.50 lakhs in a financial year.

The ITR is mandatory to be filed by every single company, irrespective of whether or not any business transactions have been carried out in the financial year by the company in question.

Let's say for an example, an insurance company has received 5000 claims in a financial year and it settled 4800 claims amongst those 5000 claims in the same financial year.

The demand for two - wheelers is expected to remain positive in the financial year 2019.

We make it possible for NRI's who do not possess a PAN number to avoid a higher TDS in every financial year.

With a penetration level of 3.3 % for life insurance in financial year 2015, an increase in the figure is the primary reason for the RBI to allow banks to act as brokers.

Paying annuities under superannuation funds not managed by ICICI Prudential Life, and under other groups, if the premium for annuity purchase is more than Rs. 2 crore in a financial year.

In the financial year 2016, its total premium income touched 1,700 crores, which they expect to reach 2,100 crores by the end of this financial year.

Claim settlement ratio — The number of claims settled by the company to the total number of claims filed in a financial year.