• SENSEX
    NIFTY 50
Personal Finance

Does GST paid on insurance premium qualify for tax benefit?

Updated : February 21, 2020 06:35 PM IST

When an individual pay a premium for a life or health policy, he/she is also required to pay GST, which is calculated as a percentage of the policy.
According to Section 80D, a taxpayer is entitled to tax benefits under insurance policies on the entire amount paid towards the premium of the specific plan.
Does GST paid on insurance premium qualify for tax benefit?

You May Also Like

Live TV
Advertisement