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!

[@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

[@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! 🤓👍

[@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

[@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

[@ShreyMittal16]

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

[@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.

[@_.akshat31._]

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

[@wingsoftechnology5302]

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

[@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

[@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.

[@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

[@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

[@vibhuagarwal2633]

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

[@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.

[@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 🙏

[@kunalsethia5588]

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

[@atozinfo6850]

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

[@ankush-m2k]

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

[@shubham8486]

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

[@kermitd77]

Thanks for educating us through your Videos ! :)

[@40manjeetgautam11]

Sir, kaha gayab ho aap video kyu nhi aa rhi Plzz. Video daalo 🙏

[@puneetthakur7554]

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

[@You_Only_LiveOnce]

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

[@vinay4ukumar]

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

[@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.

[@hamzaqureshi3638]

But what about the Taxability of those ulips which have been issued before 1/2/2021?

[@vishalchhaparwal8928]

ELSS aren’t the options better than ULIPs?

[@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

[@shreyanmehta6999]

does the premium that we pay annually , say 2 lakh annualy is that also a deduction in taxable income? and if yes then is it included in 80c or is it extra slab

[@mok2569]

It's part of 1.5 lac limit under 80C

[@abinashbal99]

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

[@01_Varun]

Han Ji good evening has separate fan base 😍

[@fakeid3626]

One of the best ca teahers in india

[@chetanrathod1729]

Your video is like ca class i love itttt

[@kaur0913]

Sir Please make video on Trading platforms Are online platforms authentic and safe? Is binary option companies legit in india

[@akashshaw9975]

Sir I request to you please make a video free sample of goods HOW to treated excel working sheet and showing a GST PORTAL....

[@aviralgupta14]

the new provision about ulip is applicable for policies taken on or after 1/2/21

[@aone58]

Sir amendment kis site se milega jis din amended hota h kisi bi section me to income and gst me pls sir bta dijiye

[@tradingbychoice]

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

[@delhiexplorer8358]

Bro kuch logo k paas business h pr unhe pta nhi itr kese file krte h itc kese milta h, Aap ispe ek detailed video bnao on request thanks.

[@bat_man1138]

Boht mast smghate h sir ap

[@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?

[@samirgambler]

What about policy which is taken before 1/4/2021

[@thetruth3322]

Thank you sir for the detailed information

[@bat_man1138]

Hazaro crore wale tax evasion ka video link sir?

[@hasanrazashaikh421]

Sir if govt want us to be independent so why not govt is independent on there own why they take tax from us

[@Randomlyme]

Now i understand why ca is tough

[@bagchisoahum]

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

[@x_man007]

Sir your analysis is great 🙏

[@dineshjaiswal6562]

Sir Please make a video on F&O trading taxability

[@sanjeevsingla478]

very nice knowledge sir

[@nishantgupta466]

Sir in this the 2.5 Lac is af all the investments in an year or only Insurance Policy, and also will it be calculated as total received to a nominee or total invested by the person investing, as It can be the case that two parents of anyone are dead in any mishappening and both have investments less than 2.5Lac but total is more than 2.5 Lac

[@dimwittedhuman7798]

But ulip premium comes under 80C exemption. Max limit of 80C is 1.5 lakhs. How does exemption of 2.5L premium come in picture? Is there anything I am missing? Also with ulip risk premium component keeps on increase with age and is not fixed component.

[@FundStory]

The 2.5lk limit is for getting tax exemption while withdrawing. 1.5 lk is for getting 80c benefit. connect for right investments, Indian or International

[@FundStory]

if one is paying premium equivalent to 10% of invested amount for sa, then same applies to mutual funds where we pay only 10% capital gain on Withdrawal per financial year

[@rahuldas5969]

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

[@mayankgoel4372]

Sir if you can please make videos on how black money convert into white plus how money laundering is done with different ways that would knowledgeable for us.

[@thunderbeast7]

There's already a video he made, please check his channel.

[@akshayshah5180]

Is this appplicable only for ULIPs or for normal endowment policies as well?

[@bhupeshjoshi7370]

It's only for ulip but condition of 10/15 % is also there

[@GurpreetSingh-qv2nl]

Thank you Sahil sir 😄😄😄

[@pushpendradsp]

ulip is not a good investment because a lack of transparency

[@HWUWIWHXHS]

What is the GST rate in case of premium payments?

[@rajivsathe1450]

Sir also discuss gst on export

[@eurotechcorporation919]

Is this applicable for Jeevan umang policy?

[@komalmahajan2088]

Nicely explained Sir👌🏽👌🏽

[@rajivsathe1450]

Sir Please explain recent minimum tax deal in G20

[@jaysolanki5238]

Excellent sir

[@mrinfinix3264]

thank you for such knowledge sir

[@IshanKhandelwal]

And govt changed rule!

[@funmotivationhub5692]

Sir make video on ex sbi chairman

[@showstoppershubs]

Sir please tell why rich save their money in tax havens ...what exactly is a tax haven and how do they work ?

[@spworld224]

Very complex

[@vikashjaiswal347]

Very well explained.

[@prathamesh_46]

Thank You sir for this Great Video

[@shriramdahe]

Investment AMT par utna return nahi milta

[@deytaxconsultancy1764]

Thank you so much

[@UpbeatHardik]

Not understood

[@rohtaskumar8403]

NPS scheme pr ek video

[@karanhoon]

Excellent video sir ❤️

[@SoulIndian77]

Just wow 😲 thanks sir

[@I_agree_with_you]

Brilliant

[@shalinishukla2404]

Ghazab ka gyaan, Shreeman xD

[@fakeid3626]

Ca ke guru Dronacharya ho app

[@madhwsingh8866]

Sir I'm 18 . And i make aprox more than 1lakhs. I don't wanna pay taxes 😭and save my money. Please tell me what advice you would prefer to me. My work Is all legal.

[@shobhasingh3269]

@madhw singh then invest this money by taking future guarantee plan from Tata AIA....btw I'm advisor over there😅

[@marketgeek2647]

Do you get ULIP exemption under section 80c? Or you get 2.5L in 1010D and 1.5L in 80c separately?

[@bhupeshjoshi7370]

80c deduction for premium 1.5lac and 10 (10d) exemption at the time of death or maturity( subject to condition) the limit of 2.5 is for eligibility of getting exemption under sec 10(10d)

[@snehdeepsingh4618]

Can I claim #Gst input tax on fuel prices for using into my tour and travel agency businesses

[@mradulbhardwaj4134]

Fuel not come under GST 😂

[@manpreetarora4748]

Thankyou sir thank you very much

[@sober_soul_1]

I feel - Lawyers & CA’s educate business people to save money & avoid paying taxes.. so whom to blame.? - Lawyers.? - CA’s - Constitution.? (Which CA’s & Lawyers play-around to save & make more money for them & their business clients.) - Government ? ( I-mean - All governments) In India - All of them..👆🏼 (& its just not india most of the countries r doing the same) Peaky Blinders - Everyones a Whor*, we just sell different parts of ourselves.

[@nitinthakur3620]

Sir please start CMA final dt also

[@TaxationWithCASahilJain]

Starting soon :)

[@mohitjoshi4209]

Please someone answer my query : Let suppose if I pay premium of my ULIP along with 3 other ULIP from my income ... Is that amount will exempt from being taxed ..?

[@mohitjoshi4209]

*suppose those ULIP belongs to my wife and my 2 children's

[@bhupeshjoshi7370]

For getting exemption premium upto 2.5lac is required above its taxable at time of maturity or death

[@mahendarreddy9862]

Super

[@kunalpanchal7751]

Wow..

[@mukeshmatlani2455]

Han ji good evening ❤️❤️

[@MrQuickPro]

ULIP s are the worst investment instruments ever 😀

[@GameOfProblemSolving]

But iska fayda to marne ke baad hua na?

[@badgaming4444]

Koi bhi HDFC life insurance karna chate he to comment kigiye

[@__buff3r__183]

sir aap ka college kon sa tha?

[@shubham8486]

Bjs

[@kamalchakraborti1353]

ulip😏...but no thanks

[@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.

[@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 😂

[@rashijain6760]

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

[@ironcommander01]

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