POSTAL LIFE INSURANCE ONLINE CALCULATOR (1) - PowerPoint PPT Presentation

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POSTAL LIFE INSURANCE ONLINE CALCULATOR (1)

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Bajaj Allianz Life Insurance Company’s offers life insurance premium calculators to know the amount of life cover you need to secure your family’s future. – PowerPoint PPT presentation

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Title: POSTAL LIFE INSURANCE ONLINE CALCULATOR (1)


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Life Insurance Premium Calculator
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POSTAL LIFE INSURANCE ONLINE CALCULATOR
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  • Postal Life Insurance is 117 years young. It was
    started in 1884 as a welfare measure for the
    employees of Posts Telegraphs Department under
    Government of India dispatch No. 299 dated
    18-10-1882 to the Secretary of State. Due to
    popularity of its schemes, various departments of
    Central and State Governments were extended its
    benefits. Now Postal Life Insurance is open for
    employees of all Central and State Government
    Departments, Nationalized Banks, Public Sector
    Undertakings, Financial Institutions, Local
    Bodies like Municipalities and Zila Parisads,
    Educational Institutions aided by the Government
    etc
  • WHY YOUR TAXABLE INCOME IS NOT THE SAME AS YOUR
    INCOME
  • A typical salaried employee is unlikely to earn
    any income which would fall under the head
    'Profits gains from business or profession'.
  • While your employer knows of your salary income
    and deducts tax (TDS) against that, it is easier
    to disclose details of all your other taxable
    income (such as bank interest) at the beginning
    of the financial year - so that this can be
    factored in while calculating TDS. It will save
    you the trouble of having to pay advance tax.
  • However, even if the entire tax payable by you
    has been deducted at source, you still need to
    file your own Life Insurance Premium Calculator .

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  • The tax law details how to determine the taxable
    amount under each head of income. You could get
    tax benefits under some heads, either by way of
    an exemption (eg HRA) or a deduction (eg
    interest on savings bank accounts up to Rs 10,000
    in aggregate per year). As a salaried employee,
    the only possibility of your incurring a loss is
    when you sell your investments or properties or
    pay interest on your house mortgage. The law also
    provides for intra-head andor inter-head set-off
    of such losses.
  • The income from all the various heads adjusted
    for loss set-off is your 'gross total income'.
    From your gross total income, you get a deduction
    for various eligible investments or payments made
    (All this and more is dealt with in sections of
    our article dealing with salary and savings). The
    resultant figure is your net taxable income on
    which you pay tax at the applicable tax rates.

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ltd
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e-insurance-co-ltd-
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https//twitter.com/bajajallianzLIC
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Click to know more on Life Insurance Premium
Calculator
https//www.bajajallianzlife.com/ulip/ulip.jsp
Thank You
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