Postal Service order
Source: Hueiyen News Service
Imphal, April 04 2015 :
Department if Post India, Office of the Director Postal Service informed the public to collect of Service Tax/Sales Tax on Postal Life Insurance/ Rural Postal Life Insurance Premia from the insurants.
"The service Tax @ 3.09 percent (including education and higher education cess) of the gross premium during the first year and @1.54 percent including cess) on subsequent years i.e.second year onwards (round off to nearest rupee) is to be collected from the Policy Holders of Postal Life Insurance and Rural Postal Life Insurance of Department of Post, w.e.f on January 1, this year and a consolidated receipt will be issued for the total amount ie premium + service tax." This was informed by Director Postal Service.