How Rich Indians saved Crores in taxes using Life Insurance Policies!

This video is to guide my students about the logic behind Section 10(10D) of the Income Tax Act, 1961 so that they know why the section is created the way it is.
Section 10(10D) provides an exemption to the Income which an assessee receives on the maturity of a Life Insurance Policy.
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Also note that in the case of a ULIP, unlike a term insurance, you are also charged an amount for receiving the services of fund managers who decide where to invest your money to generate the best possible returns within the broad category of investment avenues that you’ve allowed them to operate in. If you start investing early in ULIP, then even with an investment of upto 2.5 Lacs every year, you can generate a tax-free income running in several Crores. Happy investing! P.S. Like all other investments in the market, even the amount invested through a ULIP can go down also as investments in the market are subject to market risk. Invest as per your own risk-appetite. Correction:- The fourth and fifth proviso to Section 10(10D) is applicable for policies purchased on or after 1/2/21 and not 1/4/21.

[@aryavratmnautiyalm.p8781]

To ulip kha se milnge how to purchase

[@shubham8486]

ULIP means?

[@shivaycreation-604]

How to purchase ..please make video on it

[@maheshjain6707]

Samajne ka junoon aur samjhane wala chhaie 💯 lines 👍🙏

[@madcapprof]

Is the 2.5L cap applicable even if the ULIP was initiated before April 2021? The premium being less than or equal to 10% of capital sum assured!

[@ShreyMittal16]

There’s actual smoke coming out of my head.. no one else could’ve explained it like this.. Maza agya!

[@Kanypkr04]

Rich people be like: Zor zor se bol k scheme bata de sbko.. !!

[@TaxationWithCASahilJain]

Rich ka, Poor ka, sabka raaz kholega tera Faizal

[@mukeshmatlani2455]

Website mein hai

[@entertainmentofficer6197]

@@TaxationWithCASahilJain Sir LIC ka agency le lo na i am development officer aap logoka tax saving kariye humare ULIP plan se

[@evm6177]

@@TaxationWithCASahilJain 🍷😆😆 Ye bhi sahi hai.. Bole tho ek dham Jackaas! 🤓👍

[@prakharyashdeep824]

i am not CA student nor a CS student but your videos are so full of highly useful content that i don't miss even a single video. thank you so much sir

[@tithi214]

My mind tends to remember everything mathematically by learning the logic behind things.. I bet now I won't need to worry 😟 mugging up the % and sum limits 'cause you explained the logic so well. Thank you Sahil Sir. 😁

[@alokktiwary]

The style of explanation, the to-the-point elaboration, the hard work behind all slides: just WOW!! hats off Sahil ji

[@sureshnishtala2887]

Awesome Explanation sir...Now I got to know the logic for this and how the rich used to save tax from this ...Thank you Sahil Sir

[@NisarKhan-yr3px]

Being from Pakistan. I am one of your oldest viewers when u had 22.5k subs. I had watched your every video and because of you I have become interested in learning the tax system of Pakistan. Thanks sir ❤️❤️❤️

[@NisarKhan-yr3px]

@RAKESH BC-20-041 yes big 4 firms operate in Pakistan and stipend rate is 14,500 fixed by ICAP. And gradually increase as you start clearing the final 8 papers during you articleship.

[@NisarKhan-yr3px]

@RAKESH BC-20-041 nahi bro 2000 wala scene jab Acca induct hota Hai firm tab uski starting hoti hai. Jo CA karke aaata Hai usko at least 7-8 hazar firm deti Hai, jabke 14000 ICAP provide karti Hai.

[@rohitmewara9412]

@@NisarKhan-yr3px currency difference bhi to hai

[@NisarKhan-yr3px]

@@rohitmewara9412 yes bro difference Hai INR strong currency Hai PKR se, ajj hi petrol 137 ruppe ka hogaya Hai.

[@shashankke250]

@RAKESH BC-20-041 🤣🤣🤣🤣 Bhai Bhai Stipend made really laugh

[@sawanthasnainqaiser4162]

Ur killer smile in tax planning have no words sir....

[@SukhchainGoyal]

Superb clarity of thoughts and even better explanation of concepts. Keep it up!

[@wingsoftechnology5302]

Really knowledgeable videos Sir.... Please keep doing such a great service to Indians 🙏🏼

[@shivaygarg5173]

I HAVE NOTICED A COMMON THING IN ALL YOUR VIDEOS THAT YOU DRESS VERY WELL 👌🏻

[@mandavageethika5268]

Sir this is way too informative.I never thought I would understand something in onehearing.Tgank you so much sir.Now I just need consistent application of this section under various cases so I can remember for longer period

[@phanindraraj8187]

Sir as usual highly informative & useful and helps us to learn new things. Thank you very much sir and hope you will continue the same of sharing this knowledge with us.

[@lakshyaagarwal8189]

If I buy a stock or mutual fund units & hold it for more than 1 year wouldn't I have to pay LTCG tax i.e. only 10% which is same as discussed here. So, why to go through such a process of buying ULIPs to save tax ?

[@kanakTheGold]

0% Tax (Section 10(10 d)) ... not 10% also.

[@sudiptakumar4847]

I think ULIPs are the worst invention in financial products. It serves neither of the purpose, keeping in mind the expenses they charge

[@saurabhgadkar2882]

Yes. My parents took ULIP (balanced) and it gave only 2.5% returns in 5 years when yhe market is rallied so aggressively. Never go for ULIP. Equity mutual fund + term insurance combo is way more profitable.

[@video_junction]

Return plus insurance is never a good product. Neither you get good returns nor you get good insurance cover.

[@manikjain]

Hey man day before I was puzzled with this prov why govt is giving deduction only upto the limits... And I was searching here and there for it.... But next day I see your notification ✌ and my doubt is solved now... It's like a gift for me without asking you for it 😂

[@vibhuagarwal2633]

Great Video sir. Very informative. Please keep covering DT sections with real life examples like this.

[@gautamsaini5788]

Sir phle mujhe itna interest nhi tha tax me but jb se mene aapke videos dekhna start kiya specially case base wale videos... I love taxation more than more... Please Sir aise hi videos upload krte rhna...and I will definitely share videos with my all friends... Thank You ❤️😊

[@sahilbhanushali6975]

I don't have words sir just amazing you are the one who brings us to the practical world of taxation thank you sir awesome

[@advarunathakkar2614]

Thanks a lot Sir, Very Insightful, having and showing an accurate and deep understanding; perceptive.

[@VJ-be1lm]

Sir you are smart , intelligent , man with a great acumen , great personality, style of spea king and altogether a complete package, don't know about others but atleast from my eyes , my opinion and my observation. Learning many things from you sir 😃 😊

[@anubhavganguly2698]

Great explanation, sir. Thank you.

[@borramanoj4859]

In simple Words, Sir, U are Unique❣️💯 Grateful, We are knowing, there are such a multiple ways of tax reduction by your unique teaching skills

[@_.akshat31._]

This "Haanji, Good evening" having a separate fan base😍😂

[@rashijain6760]

Sir aap aise aise topics laate ho hi chah k b video skip ni kr skte😅

[@Shivansh-adiyogi]

Hats off ...ty for enlighting about insurance

[@kermitd77]

Thanks for educating us through your Videos ! :)

[@yadhuvanshidipesh3740]

Very helpful sir, you are great.

[@rahuldas5969]

Mind blowing....very great...sir

[@rajeevramakamath]

Simply super and informative

[@harshinredzone]

Bahut Shandar 🔥

[@thetruth3322]

Thank you sir for the detailed information

[@anilbadgoti178]

Sir before this video, I don't know what is a ulip and always try to learn through rattafication, now I'm clear Thank u so much sir 🙏

[@x_man007]

Sir your analysis is great 🙏

[@komalmahajan2088]

Nicely explained Sir👌🏽👌🏽

[@anilvaruna2007]

ULIPs are not considered as a good investment strategy. Very high cost and poor returns are usually the case with ULIPs. Not a good product to invest into. It's far better to pay long term capital gain tax of 10% on your profits rather than choosing a substandard product like ULIP

[@keyurshah5029]

AGAIN AND AGAIN YOU PROVE YOUR SELF WITH GIVING PRACTICAL CONTENT. UNIQ CHANNEL, I HAVE NOT SEEN SUCH KZbin CHANNEL WHICH GIVES THESE MUCH REAL CONTENT AND GIVES EXPOSURE TO DIFFERENT TAX EVASION PLANNING AND MONEY SCAMS.

[@ankushjain5990]

its excellent.actually till now we dont know the logic behind the sum assured and premium paid.after seeing this video its completely clear

[@shreyashs]

I am an software engineer & I can say I fall in love with Charted Accountancy

[@MunishKumar-gw6kw]

I'm an engineer by profession but I find your videos so much informative I watch them many in the row! Not to mention your soft voice is very soothing :) I'm disappointed with our Indian education system which leaves out such valuable and practical information from the curriculum. But thanks to you, people like me can have them for free. Keep up the good work. God bless you 🙏😇

[@fakeid3626]

One of the best ca teahers in india

[@architbansal7793]

Sir your content is much more valuable

[@sanjeevsingla478]

very nice knowledge sir

[@mrinfinix3264]

thank you for such knowledge sir

[@chetanrathod1729]

Your video is like ca class i love itttt

[@vikashjaiswal347]

Very well explained.

[@shubham8486]

Thanks sir for one more intresting video...me gf ke reply ka jitana wait nahi karata utana aapake video ka karta hu...

[@chetanyavohra7698]

Well explained 👍😇

[@karanhoon]

Excellent video sir ❤️

[@prathamesh_46]

Thank You sir for this Great Video

[@lokeshthakur9894]

Sir... Please make detailed ITR filing video's with explanations of section's .

[@abhishekbatabyal0129]

Amazing video!

[@GurpreetSingh-qv2nl]

Thank you Sahil sir 😄😄😄

[@RahulJain-qd8kf]

Awesome ❤️🙏🏻

[@manthanandurkar4330]

Mast video sir thanks for this great knowledge

[@DKSahasi]

Excellent 👌

[@jaysolanki5238]

Excellent sir

[@sauravsingh7029]

Amazing sir 👍🙌

[@utkarshsingh8726]

But the returns generated on endowment policies are so low that it doesn't even beat inflation. From this pov, endowment policies are not so attractive. But yes if the sole purpose is tax planning then it's reliable.

[@vardhanshah2810]

And that's the point. Government doesn't want you "earning" through policies. We expect a return from policies because we see the same as an "investment" and not as an "insurance". That's why government set it up in a way that only people who want to get insured obtain the benefit of the same. If you want better returns, find an actual source of investment, not the insurance

[@utkarshsingh8726]

Yes. Term insurance for "Insurance", and "Investment" for returns.

[@video_junction]

Better invest in equity mutual funds and purchase a seperate term insurance plan.

[@niteshramwani1599]

Sir please make videos on life insurance policies... Their conditions and types

[@RaviKumar-gz6so]

Question......The given condition of 10% and 2.5 lakh has to be complied every year.

[@jarbuyer]

Top class !!!!!!!!!!!!!!!

[@ashwanisingh-ns7mb]

Very informative sir

[@pmthulasiraman1]

Thank You Sir Your's Lectures are Precious One Because It's all about the Experience. It takes Much More Time or Unknown For a Long. In my Case as Accountant. Didn't know Hidden ( Tax Evasion) things. As well as in other case If I Eager know those things available Only with a Prescribed Limit Didn't Above My Qualification For This Am So Thankful to Yours Lecture as gave a Years of Experience within a Minute . Thank You So Much Sir.😂

[@You_Only_LiveOnce]

I am Engineering graduate. Sticked to your content. It's awesome and interesting

[@deytaxconsultancy1764]

Thank you so much

[@atozinfo6850]

Please try to leave a short summary note of each video in pdf format so that we can analyse.

[@deeppatel4077]

Such a great teacher 😍 Give us pracatical knowledge for our future😍 I got sir utb channel just 2 days ago and now when i am free from my classes i m watching sirs every videos

[@SoulIndian77]

Just wow 😲 thanks sir

[@GauravKumar-qx8ti]

Thank you so much❤️

[@abinashbal99]

ME IN CLASS 11th AND I UNDERSTOOD THIS CASE STUDY .. . I LIKE YOUR VIDEOS..

[@bat_man1138]

Boht mast smghate h sir ap

[@saurabhzaware6035]

Is the tax savings even more than the GST paid on the premiums paid?

[@ajsujit]

But the rule is not applicable retrospectively, right? People who invested in ulip before 1 April 2021 will still be able to benefit.

[@kunalsethia5588]

Please make a video on how middle class save taxes🙏🏻

[@swapnilsoni8085]

Sir keep making such logical vedios

[@Techno_CA]

Some of Fortune 500 companies also saved through Captive Insurance companies incorporated in Bermuda.

[@puneetthakur7554]

Sir plz make a video on inheritance money or asset like land stock jwellery etc

[@vinay4ukumar]

Sir, what is the tax% for ULIP linked insurance purchased in 2013 and 2014?

[@himaniyadav2724]

Sir you are the best🥰🥰

[@princemehra12]

Thank you sir

[@roshnigupta2914]

Well explained♥️♥️♥️♥️♥️♥️♥️

[@Nisar.Ahamed]

Sahil sir... Is there any possibility that Banks can deduct tax in the name of income tax in salary and savings account without concern of Customer.

[@I_agree_with_you]

Brilliant

[@aleemjaved001]

👍👍 sahil can u make video on ltcg n stcg shares trading how to save max on that

[@kashishkundal8797]

Max premium ke condition ke pichhe ka logic aaj samajh aaya

[@bagchisoahum]

Does it also include the money along with the money paid in premium for general term life insurance?

[@AMANYADAV-bg3il]

Mene lic or tata aia ki 2.5 lakh se jyada ka premium pay kr rha hu or mri income bhi jyada nhi h crores m to kya mujhe maturity pr tax dena hoga kya

[@mandeepsinghbhatia48]

If the premiums are under 10% and all policies purchased before 2021 but total premium per year is >2.5L then will I get the sec 10(10D) benefit?

[@varunmitradwivedi7579]

Han Ji good evening has separate fan base 😍

[@manishchatrath1106]

Respected sir I have one query... If ITC blocked by department in 2019 and release in 2021 then can we claim that ITC?

[@aashishkgoyal7600]

I am wondering what is someone starts a new ULIP every year. So, let's say, I take a ULIP in 2021-22 with 5 years of premium payment (let's assume of INR 1 Lakh). Again, in 2022-23, I take another ULIP with 5 years of premium payment. However, in 2022-23, I will be paying INR 2L for 2 ULIPs. Since their maturity falls on separate financial years, will they become tax exempt?

[@vicky123121]

This 2.5 lakh premium limit is only for ULIP or it includes all insurance policies?

[@darshanpawaskar2765]

Sir, how to know which product has which gst rate?

[@sanjibbasak8505]

First condition that premium should exceeds 10% (15%) of sum assured is stated in I T Law. Second contion that agrregate premium less than 2.5 lakh in a year is not shown . I am confused.

[@karneshagarwal]

What will be tax implications if one pays premium for ULIP of Rs 2.5L plus Rs 50K for Term Insurance ?

[@manpreetarora4748]

Thankyou sir thank you very much

[@vishalchhaparwal8928]

ELSS aren’t the options better than ULIPs?

[@tradingbychoice]

sir , aapne 1-4-21 se pehle jisne plan buy kia h , unka kya