Jeevan Utsav Tax Exemption Explained | LIC New Plan 871 Calculation | Every Paisa Matters
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- Опубліковано 5 гру 2023
- In this video we have explained the Tax Implications on LIC Jeevan Utsav Policy 2023 under Section 80C and Section 10 (10D) of Income Tax Act | New LIC जीवन उत्सव प्लान 871
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If we haven’t yet before - Hey 👋 An Engineer by education and a financial enthusiast by passion - I'm Amit, founder, managing editor and primary author of Every Paisa Matters. Through my videos here on this channel, I provide the financial knowledge in an easy-to-understand format make money matters simpler for you.
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You are one of the very honest vlogger as you covered hidden aspect of such policies. Great job.
No need to pay tax - just add term.rider for term 6 to 10 years.. survival benefit will be exempted
Thanku so much
Pl make video on Amritbaal policy. Here Tax benefits are not avoidable because maximum premium payment term is 7 years.
Top Management of LIC should relook on the premium payment term and should increase like Jeevan Utsav to avoid taxes on this policy. Many parents liked the 8% guarantee but taxable income is problem.
Sir, agreed to your explanation for below 10 year premium payment term liya to taxable hoga, but that tax liability will begin after income amount cumulative receive after deduction of premium paid. So tax liability deffered for 11 years from income starting period. Hope i could explain taxable portion point addition to your correct analysis. Thank you
The best solution to avoid any queries of Income tax, every one should take 12 years premium payment term in Jeevan Utsav.
bhai term rider ke saath le lo ye plan, income tax free ho jyega . 10 10 D mai capital Sum assured ka 10% lete han and capital Sum assured = Death Sum assured + term rider Sum assured
May be after 25 years if you are surrendering the policy and will be getting whatever amount, it will be added to your other income and this will become taxable. The best solution is take 12 years premium payment term to avoid all taxable problems
But premium 10times se jyada hoga ya gross premium 5 lakh se upar hoga annually....dono apply nhi honge na.....10 times wala to 1 april 2023 se phele li gyi policy ka tha
Jeevan utsav 11Sal se uper ki term per 10 10d milega kyuki yearly kist sum Assured se 10% se kam ho jati he
Agar chhoti term leni ho to term rider le lo sath me itna accha benefit lic de rhi he👌👌
Hi Sir, not able to download the calculator , the link is disabled
Eye opening facts
Sir me iska benifit 80c se alag le sakta hu
Sir please give a vdo on jeevan umang of LIC..
I have subscribed you..
Will be grateful if you make Jeevan umang Postmortem
Its a Bonus linked plan. Can't do postmartem!
Add term Rider then sb will tax free
Sir kya hame term Rider policy ke sath dena chahiye ya nahi,kuch kahte hai dena chahiye aur kuch ki nahi dena chahiye,agar policy lapse ho gayi to revival me problem hota hai,is per ek vedio banaiye.
Wait you revert
Wait for a video on Rider's
आदरणीय सर मैं एक lic एजेंट हूं आप समझिए 10-10 D में मैच्योरिटी टैक्सेबल होती है इस प्लान में कोई मैच्योरिटी नहीं है सर्वाइवल बेनिफिट हमेशा टैक्स फ्री रहा है इसलिए 5 साल के टर्म में 11 साल से जो एक लाख रुपए सर्वाइवल बेनिफिट मनी बैक आएगा वह टैक्स फ्री रहेगा उसे पर टैक्स नहीं लगेगा
सर, आप LIC agent हैं लेकिन जो आप information आप दे रहे वह सही नहीं। जैसा मैंने दूसरे कमेंट में share किया कि कोई भी income (survival या maturity), वह दोनों ही टैक्सेबल रहेंगी।
मेरे भी काफ़ी जानकारी है Insurance companies में और इसी लिए आपको बता रहा । 🙏
Money back last sabhee policies me tax free hote hain...yahaan money back par kyon lagega...Jeevan Utsav me maturity to hai hee naheen...
Nahi, sab tax free nahi hote. Yahi to logon ko ghalat malum ho.
@@EveryPaisaMatters Meri behan ka govt job SSC CGL mai hua hai aur uska nps form fill up kiye hai aur 500 rs jama bhi kiye hai lekin ek galati ho gaya hai ki uska subscriber registration form pe private sector likha hai please help me nahi toh ham ghare bahut pitayge🙏🙏🙏
@@JigarSharma-wd2qd Open kahan se kiya tha?
@@EveryPaisaMatters sir enps ke site se
Better to raise grievance with them. Email and contact details will be available on the site.
Koi parents apne baccho ke nam se policy lete hai to kya unko bhi tax lagega
No
*If someone Purchase this plan through online then will get 10% rebate in premium for whole premium paying term*
Do you mean you will 10% rebate on every year premium? Can you explain more how does his rebate work?
@@saurabhraut3921 Absolutely..in case of online policy purchase there is a rebate of 10%.. So your yearly premium will be reduced by 10% for all the premium to be paid throughout the premium paying term..
Bhai jeevan utsav me survival benefit mil raha h
Agr maturity milta tb tax free nai hota
Ar section 10 (10)d me kahi nai mentioned h survival benefit ke bare me
Ar agr apne kahi padha h aisa to description me uska link de do baki sb log v padhe ge
Plzz logo ko misguide krna bnd kro
Hey Agyani Baba, pehle yeh padhein -
www.indiabudget.gov.in/doc/budget_speech.pdf (Page 41, Section D.11)
Fir yeh padhein
incometaxindia.gov.in/news/circular-15-2023.pdf (poora hi padh lein thoda dhyan se)
Ab agar samajh aa jaye, to Like and Subscribe kar dena aur usko bhi samjha dena jisne aapko galat samjha ke policy chipkayi hai (ya aap chipka rahe ho).
हां पेज नंबर 41 डी 11 पढ़ लिया इसमें सर्वाइवल बेनिफिट और मेच्योरिटी बेनिफिट के बारे में कुछ भी नहीं लिखा है वह सिर्फ 1 अप्रैल 2023 के बाद ली गई 5 लख रुपए की प्रीमियम की पॉलिसी की मैच्योरिटी टैक्सेबल होगी ये बोला गया है
@@dulcet4u लिखा है की कोई भी income हो, वह सभी टैक्सेबल होगी।
Ye plan me Maturity benefit hai hi nahi so koi tax nahi lagega
Main aapki is galat information pe bas shanubhuti rakhta hun
1) If premium is more than ₹5 lakh per annum and if we take flexi option and let the amount be with LIC and on death nominee gets all claim will the death claim amount be taxfree.
2) Under flexi option if we take amount after 10 yrs of maturity, I. E it has compounded and we draw say 50% of last yr balance , how much amount will be taxable.
What is the purpose of making life so much complicated?
*yea plan ko online kharidne se har sal premium pe 10% rebate (muft) bhi milega*
Insurance policy agent se kharidana sahi hai, death ke bad grieving family ko kya process hai claim karate waqt, agent guide karate hai.
You give me ₹ 1 Lakh every year, I will pay you ₹ 1.10 Lakh every year after 10 years.
Rs 10,000/ more than what LIC is giving to you
How is the deal?
tumhari kya guarantee hai?