https://www.taxtmi.com/manuals?id=2811 Life insurance business profits are subject to a specific income tax at a 12.5% rate; additionally the assessee must deposit 33 and one third percent of that income tax into a notified social security fund. If the assessee deposits at least 2.5% of the profits into the security fund during the previous year, the income tax is reduced by that 2.5% of profits and the 33 and one third percent contribution is computed on the reduced tax. en-us Fri, 02 Jun 2023 13:04:00 +0530 Wed, 15 May 2024 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2811 Life insurance business profits are subject to a specific income tax at a 12.5% rate; additionally the assessee must deposit 33 and one third percent of that income tax into a notified social security fund. If the assessee deposits at least 2.5% of the profits into the security fund during the previous year, the income tax is reduced by that 2.5% of profits and the 33 and one third percent contribution is computed on the reduced tax. Manuals Income Tax Fri, 02 Jun 2023 13:04:00 +0530 https://www.taxtmi.com/manuals?id=2811