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Chapter 7 life insurance company taxation

N

nikita agarwala

Keen member
solution 7.2 pg 31

"Higher income portion means lower life insurance company taxation. Higher income portion also means more policyholder tax". How?
 
nikita agarwala said:
solution 7.2 pg 31

"Higher income portion means lower life insurance company taxation. Higher income portion also means more policyholder tax". How?
Click to expand...
Hi
The income component of general annuities are taxed in the hands of the policyholder and deducted from BLAGAB income:
So higher income, means higher policyholder tax and lower life insurance co tax.
 
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