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Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and insurance cover against any eventuality.
Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!
The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.
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An essential part of being a responsible and productive citizen of your country is paying your taxes on time. Tax is basically the contribution you make towards the growth and development of your country. Tax payments are either deducted from an individual’s income or added to the cost of some transactions, and services and goods. In India, every tax levied is backed by a law passed by the Parliament or the State legislature.
We pay taxes in different forms and differ, based on the implementation and how they are paid to the authorities. The two types of taxes in India defined under our tax system are direct tax and indirect tax. These two types of taxes are further subdivided into other categories.
It is the tax which is directly paid by the taxpayer to the government. To estimate the amount to be paid through direct taxes, you will have to check your wealth or income. The CBDT (Central Board of Direct Taxes) overlooks India’s direct taxes. A direct tax is not transferred to any other entity or individual other than the taxpayer on whom it is levied. Types of direct taxes are:
An indirect tax is applied to the sale and purchase of services or goods. A government levies this tax on sellers and retailers of various products and services. The seller then shifts the responsibility of the tax payment on the buyer of the products and services. Hence, the user indirectly pays the tax to the Government of India.
Types of indirect taxes are:
Ever since the inception of GST, many indirect taxes have been clubbed into one indirect tax – the Goods and Services Tax (GST).
The GST is an indirect tax that has clubbed together many indirect taxes in India like excise duty, VAT, service tax, etc. This is the tax levied on the supply of services and goods, which are sold for domestic consumption in India.
There are three different types of GST in India:
a. CGST - Central Goods and Services Tax
b. SGST - State Goods and Services Tax
c. IGST - Integrated Goods and Services Tax
The CGST and SGST are levied on the intra-state transactions, while the IGST is levied on the inter-state transactions
- A Consumer Education Initiative series by Kotak Life
Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.Know more
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Kotak Assured Return Employee Benefit Plan is an insurance plan designed for Employers /Trusts, Employer – Employee groups who wants experts to mana...Know more