Sentences with phrase «under income tax act»

Bea MacDonald of Hammonds Plains, N.S. was fined $ 25,126 in Halifax Provincial Court after pleading guilty to three charges of tax evasion under the Income Tax Act and Excise Tax Act.

Tax benefits along with life insurance: Apart from the life insurance benefit with this term insurance plan, you can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961.

The premiums paid and benefits payable are eligible for tax benefit under Income Tax Act, subject to prevailing tax laws.

The premiums paid and benefits payable are eligible for tax benefit as applicable under the Income Tax Act, 1961.

This policy provides tax benefits as prescribed under the Income Tax Act, subject to prevailing tax laws.

Anyone between 18 - 50 years can buy this combo plan and can enjoy the tax benefit under the Income Tax Act, 1961

You can avail tax benefits under as applicable under the Income Tax Act, subject to change in tax laws.

Commute to the extent allowed under Income Tax Act and utilize the balance amount to purchase annuity at the then prevailing annuity rate.

Commute a portion of the vesting benefit (up to the limit applicable under the Income Tax Act) and then, the remaining amount shall be used to purchase annuity for lifetime.

This policy provides tax benefits as per section 80C & 10 (10A)(iii) under the Income Tax Act, 1961.

The Tax benefits fall under Income Tax Act, 1961.

Under this policy, you can avail tax benefits as applicable under the Income Tax Act, subject to change in tax laws.

The Tax benefits fall under the Income Tax Act, 1961.

Commute a portion of the vesting benefit (up to the limit applicable under the Income Tax Act).

Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961.

Save tax under sec 80C and 10 (10D) under Income Tax Act, 1961.

You will receive tax benefits for premiums paid as well as benefits received under Section 80C and 10 (10D) as per prevailing tax laws under the Income Tax Act, 1961.

The Company buying the policy (Master Policy Holder) can save income tax on the premium paid under the Income Tax Act, 1961.

Life insurance policy can be used as an important tax planning tool, as the policy holder is eligible to avail tax benefits under the Income Tax Act of 1961.

Apart from saving tax on premiums you can also save tax on the returns u / s 10 (10D) under the Income Tax Act.

Tax benefits can be availed under section 80C & 10 (10D) under the Income Tax Act, subject to change in tax laws.

Tax benefits can be availed under section 80C & 10 (10D) as applicable under the Income Tax Act, subject to amendments from time to time.

Commute up to the limit allowed under Income Tax Act and utilize the remaining amount to purchase annuity at the then prevailing annuity rate.

The premium payment under section 80CCC and commutation amount under section 10 (10A) are available for deduction under the Income Tax Act, 1961.

Benefits payable under this plan are eligible for tax exemption under Income Tax Act, subject to prevailing tax laws.

Tax benefits can be availed under section 80C, 80CCC (1), 80D, & 10 (10D) under the Income Tax Act, subject to change in tax laws.

Commute to the extent allowed under Income Tax Act and utilize the balance amount to purchase immediate annuity at the then prevailing annuity rate.

This policy provides tax benefits as applicable under the Income Tax Act, subject to change in tax laws.

Tax deductions are allowed under Income Tax Act, 1961 which enables you to save tax and reduce the tax burden.

The maturity benefit is also tax - free under the Income Tax Act, Section 10 (D) subject to the fulfilment of all terms and conditions.

Income Tax Benefit under section 80 D is also provided under the Income Tax Act.

a) Option to commute to the extent allowed under Income Tax Act and to utilize the balance amount to purchase immediate annuity with the same insurer, which will be guaranteed for life, at the then prevailing annuity rate, or

Under this benefit, the life insurance paid by the insured person up to Rs. 1,50,000 are eligible for deduction from the taxable income under the Income Tax Act, Section 80 (C).

Commuting the proceeds as a lump sum amount to the extent allowed under Income Tax act and utilizing the remaining amount to purchase an Immediate Annuity (guaranteed for life) from Future Generali India Life Insurance Co. Ltd. at the then prevailing annuity rate

These plans even offer tax benefits under The Income Tax Act.

There are a good number of prosecution provisions that are listed under the Income Tax Act of 1961 which you will become subject to.

Tax benefits: Section 80C and 10 (10D) under the income tax act provides tax benefits for premium paid regularly.

The policyholder enjoys Income tax benefits on the premium paid and under section 80C and claims received under 10 (10 D) under Income Tax Act.

These will also fall under tax benefits up to a specified amount under the Income Tax Act.

Buyers get tax exemption on health insurance premium paid for spouse, self, parents and children under income tax act Section 80D.

It comes under the income tax act of 1961.

Income tax benefit on the premium paid to the policyholder under Income Tax Act since the basic Sum Assured is 10 times the Annualized Premium.

Any person who has been an Indian resident for the year of assessment and has suffered from at least 40 percent disability as spelt out by the law, qualifies for tax deductions under Income Tax Act 1961.

Tax deductions under Income Tax Act's Section 80U are made available for Rs. 1.25 lakhs if there are severe disability and Rs. 75, 000 for the individuals with disabilities.

Tax Benefits - Aas per the Section 80C and 10 (10D) under the Income Tax Act, the for premiums and the payouts are tax deductible.

On purchasing any of these products, he can avail of tax benefits which are up to Rs. 1 lakh under the Income Tax Act, 1961 of Section 80C.

Offers tax benefit under Section 80C and 10 (10D) under the Income Tax Act for premiums paid and for any claim received.

Tax Benefits: It provides tax benefits under the Income Tax Act's Section 10 (10D) and Section 80D.

The premiums paid for the immediate annuity plans are tax exempted, under Income Tax Act, 1961.

Commuting the maturity proceeds as a lump sum amount to the extent allowed under Income Tax act and balance amount to be utilised to purchase an immediate annuity from Future Generali India Life Insurance Co. Ltd. (FGILICL), which shall be guaranteed for life, at the then prevailing annuity rate.