1. 

   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, Apr 14, 2022

   #1
2. 

   Em Francis ActEd Tutor Staff Member

   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.

    

   Em Francis, Apr 15, 2022

   #2

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