If a policyholder wants to exit his life insurance policy during the initial years, he will get a higher refund from the insurance company now. After several rounds of discussions and proposals, the Insurance Regulatory and Development Authority of India (IRDAI) has ordered a higher special surrender value (SSV) for traditional endowment policies. Now, the… Continue reading Higher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will get
Day: June 14, 2024
TDS Vs. TCS
TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are two important taxes in India. TDS is the tax deducted when income is earned, while TCS is the tax collected when a sale is made. These taxes are governed by different sections of the Income Tax Act. For example, employers deduct TDS from… Continue reading TDS Vs. TCS
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