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of <h1>India Exempts Janashree Bima Yojana & Aam Aadmi Bima Yojana from Service Tax under Notification No. 49/2012</h1> The Government of India, through Notification No. 49/2012 issued by the Ministry of Finance, has amended a previous service tax notification to exempt services related to life insurance under the Janashree Bima Yojana (JBY) and Aam Aadmi Bima Yojana (AABY) from service tax. This amendment, made in the public interest, adds a new entry, 26A, to the original notification No. 25/2012 dated June 20, 2012. The exemption is intended to support these specific life insurance schemes by relieving them of the service tax burden.
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