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LIC may get a big shock due to new income tax option of government Know what will happen to your policy

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The new income tax option in the budget may shock the country’s largest and only government insurance company Life Insurance Corporation of India (LIC). In fact, the new income tax option is expected to affect the income of LIC due to the abolition of the traditional tax incentive to taxpayers on insurance. According to media reports, the valuation of LIC can also be reduced by this decision. Business newspaper Economic Times of EnglishIt has been reported in the news that there is pressure on the valuation of insurance companies because these companies are trying to change their plans according to the government’s proposed direct tax system. According to a report by global brokerage firm Jefferies, LIC’s retail business is part of a participatory policy that provides middle and low income families with the aim of tax planning. Therefore, the biggest impact of reducing tax benefit will be on LIC.

Understand the new income tax option…

PC Modi, chairman of the Central Board of Direct Taxes (CBDT), told CNBC Awaaz in a special conversation that taxpayers will have both options for low-income and non-income tax income Choose a new system. Or stay in the old system. Where there is a tax exemption on saving.

In the new tax system, there will be an option to pay tax at a lower rate, but it will not get any benefit of deduction. For which option will be beneficial for taxpayers, they will have to calculate their tax liability under the new and old tax option.

All the deductions found under Chapter 6A of the Income Tax Act like Sections 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80EE, 80EEA, 80EEB, 80G, 80GG, 80GGA, 80GGC, 80IA, 80-IAB, 80 -IAC, 80-IB, 80-IBA, etc. You will not be able to take advantage of the new tax option.

How will this affect LIC –  Experts say that LIC has a retail business participatory policy that provides middle and low income families with the aim of tax planning. Therefore, the biggest impact of reducing tax benefit will be on LIC. That is why there was a huge decline in the shares of insurance companies on the budget day. ICICI Prudential shares fell 12.6% and HDFC Life shares fell 5.8%, while SBI Life shares also slipped 8.6%.

On the other hand, it is also believed that the new tax option will not significantly affect the growth of the insurance company, because the new generation did not show interest in the savings products of LIC or other insurance companies and only took a term plan. If there is no tax benefit, they may want to keep more cash in their hands for consumption.

Also read- If you have more than one bank account, then know how many lakh rupees will be safe now?

Valuation of LIC may be reduced – According to the environment created in the market before the budget, the valuation  of LIC was estimated to be Rs 8-10 lakh crore. At the same time, if the government sells 10 percent stake, it can get more than Rs 80,000 crore. This will help him achieve a major share of the disinvestment target of Rs 2.1 lakh crore fixed for FY21.

What will be the effect on the policy makers- Currently, three-fourths of India’s insurance market has a hold over LIC. However, last year itself, some wrong decisions of LIC regarding investment were also questioned. Now with the government’s decision to bring LIC IPO, it is believed that after the listing of LIC, there will be more transparency in the functioning of the company.

If the company performs better then the insurance holders will also get its benefit. Experts say that most of the policies of LIC are non-unit link. This means that if there is any fluctuation in the stock market, then the effect will not be seen on the policy. At the same time, the effect of better performance of the company will be seen positively on the investment of the people.

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Rajya Sabha Election: Will Mahavikas Aghadi’s Fourth Candidate Get Elected? jayant…

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Rajya Sabha Election: Will Mahavikas Aghadi’s Fourth Candidate Get Elected? Jayant Patil gave a great answer, he said

Talks with independents are taking place at various levels. We will be informed about this in due course, said Jayant Patil.

Jayant Patil
Jayant Patil (archived photos)

The Mahavikas Aghadi is not in trouble. The Mahavikas front has a majority. Therefore, the fourth candidate from the alliance will win with good votes, said Jayant Patil, NCP state chairman and minister of water resources. Following a meeting with NCP Chairman Sharad Pawar at Yashwantrao Chavan Pratishthan today, Jayant Patil interacted with the media. He this time he made the above statement.

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“Discussions are taking place with independents at various levels. You will be notified in due course. People get angry at different times for different reasons. But the Samajwadi Party has stood against the BJP in Uttar Pradesh. So Therefore, they will support the Mahavikas Aghadi government,” said Jayant Patil.

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“She is fine. This has all started so that all MLAs are in Mumbai and available to vote due to Corona. Votes need to be shown, so it is not about kidnapping anyone,” said Jayant Patil.

Also Read >> Did Bishnoi Gang Threaten Salman Khan? Important information provided by the Delhi Police after Mhorakya’s interrogation!

BJP will try to form a front. These elections were supposed to be uncontested. The candidate who is in the electoral arena; No need to blame him for trying to get votes. But originally, the Mahavikas Aghadi government was initially supported by 170 MLAs, so all the candidates will be elected,” said Jayant Patil.

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“Today, all members of the Legislative Assembly have received instructions from Mahavikas Aghadi. Most of the MLAs have arrived in Mumbai. Jayant Patil also said that this meeting was for all of them. Meanwhile, discussions are underway for the Legislative Council and we have two seats and it is being discussed for two seats Jayant Patil clarified that his decision will be announced in due course.

Website title: Jayant patil said that the 4th candidate in the 2022 rajya sabha elections will definitely win the prd

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Maharashtra HSC Result 2022: Class XII results to be announced tomorrow; ‘As a’ …

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Maharashtra HSC Result 2022: Class XII results to be announced tomorrow; See result ‘Asa’

Maharashtra Result 12 2022: The Maharashtra State Board of Secondary and Higher Secondary Education will release the class 12 results tomorrow.

Maharashtra HSC Result 2022 date
representative photo

Maharashtra HSC Result 2022 Date & Time: The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) will soon announce the results of Class XII on Wednesday, June 8, 2022. The results will be announced at 4 p.m. Candidates must check the official website of the Maharashtra State Board of Secondary and Higher Secondary Education for the latest information on the results.

The Maharashtra HSC results were expected to be released on the website on June 10, 2022. But the board has issued official notification that the results will be announced tomorrow June 8.

You can view the results by logging into this website:

  • msbshse.co.in
  • hscresult.mkcl.org
  • mahresult.nic.in.

Check the results of ‘Asa’

  • To view the Maharashtra Board results, first visit the official website of MSBSHSE maharesult.nic.in or hscresult.mkcl.org or msbshse.co.in.
  • On the home page, click on the MSBSHSE 12th Result 2022 link, the link will be activated as soon as the result is announced.
  • Enter your registration number and date of birth, enter the captcha and click submit.
  • Your result will appear on your screen, you can download and save it to your desktop below.

Around 14 lakh students sit HSC exams in Maharashtra every year. Last year Maharashtra Board canceled board exams 10 and 12 due to corona virus. The students were approved on the basis of the internal evaluation and the test. However, the board exams were held like every year, so the students are eagerly awaiting the results.

Website title: Maharashtra hsc result 2022 date and time announced check all details how to download ttg grade sheet

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Did the Bishnoi Gang threaten Salman Khan? After the chief’s consultation, Delhi…

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Did the Bishnoi Gang threaten Salman Khan? Important information provided by the Delhi Police after Mhorakya’s interrogation!

Who exactly threatened Salman Khan? The Mumbai Police are investigating in this regard and new information has come to light in the investigation by the Delhi Police.

salman khan lawrence bishnoi
Salman Khan threatened by Lawrence Bishnoi Gang? (Photo – PTI)

Mumbai police have launched an investigation after receiving death threats against Bollywood actor Salman Khan and his father Salim Khan. The State Department of Home Affairs has also taken note of this and the Deputy Commissioner of Mumbai Police, Vishwas Nangre Patil, has provided detailed information to the Home Minister in this regard. The Department of the Interior suspects that Lawrence Bishnoi’s gang was involved in the threat. In this context, the Delhi Police has given important information in this regard after interrogating the leader of this gang, Lawrence Bishnoi, in prison.

Salman threatens Sidhu Musewala

On June 5, Salim Khan received a threatening letter in his backyard. The letter threatened to “do the same to Salman Khan and Sidhu Musewala”. A complaint has been filed with the Bandra police and a case has been registered against an unidentified person. In this context, Nangre-Patil informed the Minister of the Interior, Dilip Walse Patil, about the investigation of this case and other important information. The Home Office has also said Lawrence Bishnoi’s gang is suspected of being behind the threat to Salman Khan.

Reiki from Salman’s house before sending a threatening letter; Vishwas Nangre Patil arrives to meet the Minister of the Interior

Meanwhile, while all these activities were going on in Mumbai, the Delhi police questioned Lawrence Bishnoi, the leader of the Bishnoi gang, who was serving his sentence in jail. When he asked Lawrence about the threat to Salman Khan, Lawrence told him that he had nothing to do with it. The Delhi Police has given this information, according to a tweet from ANI.

Salim Khan’s threatening letters Salman and Salim Khan increase security; Police authorities alerted after receiving threatening letter

“I have no idea”

Law enforcement suspects that the Lawrence Bishnoi gang was involved in the murder of Sidhu Musewala. The Bishnoi gang had previously threatened to kill Salman Khan in an antelope poaching case. However, Lawrence Bishnoi’s statement that “I don’t know who threatened Salman Khan” has added to the mystery. Who exactly threatened Salman Khan? The Mumbai police is conducting a thorough investigation into it.

Website title: salman khan life threat lawrence bishnoi gang siddhu musewala assassination pmw

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