https://www.taxtmi.com/acts?id=3213 Tax on profits and gains of life insurance business is the aggregate of tax computed on the life insurance profits at the prescribed rate and the tax on the remaining total income as if those profits were excluded. For specified previous years an additional compulsory deposit-calculated as a proportion of the tax on life insurance profits-must be made into a government notified social security fund, with a proviso reducing the tax where the assessee makes a prescribed deposit into that fund. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3213 Tax on profits and gains of life insurance business is the aggregate of tax computed on the life insurance profits at the prescribed rate and the tax on the remaining total income as if those profits were excluded. For specified previous years an additional compulsory deposit-calculated as a proportion of the tax on life insurance profits-must be made into a government notified social security fund, with a proviso reducing the tax where the assessee makes a prescribed deposit into that fund. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3213