https://www.taxtmi.com/notifications?id=23563 Insurers carrying on life insurance business may elect an option to pay tax either on gross premium reduced by amounts allocated for investment or savings when such allocations are disclosed to the policy holder at the time of service, or otherwise by paying a prescribed fixed percentage of the gross premium; this option replaces charging service tax at the general rate and is not available where the entire premium is only towards risk cover in life insurance. en-us Mon, 25 Apr 2011 00:00:00 +0530 Thu, 12 Jan 2012 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23563 Insurers carrying on life insurance business may elect an option to pay tax either on gross premium reduced by amounts allocated for investment or savings when such allocations are disclosed to the policy holder at the time of service, or otherwise by paying a prescribed fixed percentage of the gross premium; this option replaces charging service tax at the general rate and is not available where the entire premium is only towards risk cover in life insurance. Notifications Service Tax Mon, 25 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23563