date

Jun. 22, 2025

time

3 Min read

description

News

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Business Today – Rs 9,000 savings on insurance: Seniors, middle-class likely to benefit as GST Council mulls tax cut

Senior citizens paying Rs 50,000 a year for health insurance currently shell out an extra Rs 9,000 in GST alone. With insurance penetration still below 40% in India, the GST Council is likely to slash or remove the 18% tax on life and health policies, bringing crucial relief.

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