Life insurance premium above Rs 5 lakh? Check new tax rule on payout

Edit Her Wealth | Personal Finance & Investing for Women on Instagram: "You’re paying 57% tax you just don’t know it! ❌ The average household pays £16,700 in direct tax on income. But taxpayers also pay a multitude of other taxes. This means that the average household pays not £16,700 but £31,623.50, a HUGE tax rate of 57%. Full list of taxes paid and the average amount per household : 1. Income tax – £10,631 per average household 2. National insurance – £6,070 3. Value added tax – £6,025 4. Cou