Life Insurance
by LIC of India call us on 9940240384 (Chennai)
Life Insurance by LIC of India call us on 9940240384 Chennai
Arrange you
suitable policy for you and your family at your door step Chennai.
Just give a call and you will be able to get professional advice on how you can save tax as well as save enough money to face your present and future needs
lic Tax Saving
Income Tax Provisions for the Financial Year ending 31st March 2009 and Tax Benefits from Life Insurance.
- Income Tax Rates for FY 2008-09:
I) For any individual other than referred to in Item no II and III below.
Total Income Range |
Tax Rates |
Upto Rs.1,50,000/- |
Nil |
Rs.1,50,001-
Rs. 3,00,000 |
10% of the amount by which the total Income exceeds Rs.1,50,000 |
Rs.3,00,001-
Rs. 5,00,000 |
Rs.15,000 + 20%of amount by which the total Income exceeds Rs.3,00,000 |
Above Rs. 5,00,000 |
Rs.55,000 + 30% of amount by which the total Income exceeds Rs.5,00,000 |
(II) In case of resident women below 65 years of age.
Total Income Range |
Tax Rates |
Upto Rs.1,80,000/- |
Nil |
Rs.1,80,001- Rs. 3,00,000 |
10% of the amount by which the total Income exceeds Rs. Rs.1,80,000 |
Rs.3,00,001- Rs. 5,00,000 |
Rs.12,000 + 20% of amount by which the total Income exceeds Rs.3,00,000 |
Above Rs. 5,00,000 |
Rs.52,000 +30% of amount by which the total Income exceeds Rs.5,00,000 |
(III) In case of Senior citizens (above 65 years of age)
Total Income Range |
Tax Rates |
Upto Rs.2,25,000/- |
Nil |
Rs.2,25,001- Rs. 3,00,000 |
10% of the amount by which the total Income exceeds Rs. Rs.2,25,000 |
Rs.3,00,001- Rs. 5,00,000 |
Rs.7,500 +20% of amount by which the total Income exceeds Rs.3,00,000 |
Above Rs. 5,00,000 |
Rs.47,500 +30% of amount by which the total Income exceeds Rs.5,00,000 |
Surcharge on Income-tax : Will be levied at the rate of 10% where the taxable income exceeds Rs. 10 Lakh.
Tax Benefits available for various Life Insurance plans.
The aggregate amount of deduction under all the relevant sections viz. section 80C, section 80CCC and section 80CCD shall not, exceed Rs.1 Lakh..
Deduction from Income for payment of Premium (Sec. 80C).
Contact Us
Apply Best LIC PoLICy Variety Of Schemes Plans. For Your Future LIC Insurance & Investment Plans Free cLICk to call on LIC agent Chennai business contact details to. Get the best rates from Insurance Consultants Chennai.
1) If you want to Buy New Insurance PoLICies than call
9940240384 (chennai)
2) Contact us on email: support@LICindiachennai.com
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