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Income Tax Rules Of ULIP Explained | How To Pay Tax On ULIP Returns

The Unit Linked Insurance Plan (ULIPs) were EEE (exempt, exempt, exempt) category tax-saving instruments before the Finance Act 2021 amendments. However, with effect from 1st February 2021, an individual is required to pay tax on the returns received from certain ULIP plans. This video will guide you through the taxation rules of ULIP. To file your ITR, click https://bit.ly/FileITROnClearTax For a LIVE chat with our experts on any queries, click here - https://bit.ly/3rZ6G3S You can also read these articles below: ITR 1 Sahaj Form – File ITR-1 Online https://cleartax.in/s/itr1 Unit Link Insurance Plan ( ULIP ) https://cleartax.in/s/unit-link-insur... Which ITR Should I File? https://cleartax.in/s/which-itr-to-file Income Tax Slabs FY 2021-22, AY 2022-23 https://cleartax.in/s/income-tax-slabs Chapter VI-A deductions https://cleartax.in/s/80c-80-deductions ClearTax HRA calculator https://cleartax.in/paytax/HraCalculator Timestamps 00:00 Introduction 00:32 ULIP Income Tax Rules 01:33 Taxation of ULIPS 02:09 Examples of ULIP Taxation 04:51 Conclusion Relevant links: 💰 Subscribe to get clear explanations of ITR concepts:    / @blackbycleartax   → Watch next – Income Tax Return Filing FY 2021-22 (AY 2022-23)-    • Income Tax Return Filing FY 2021-22 (...   Let’s connect: IG –   / clearfromcleartax   Twitter –   / clearfromct   FB –   / clearfromcleartax   LinkedIn -   / mycompany   Clear offers tax compliance and other financial solutions to 400k+ growing businesses, 2000+ large enterprises, 80k+ tax experts and more than 6 million tax filers. #UlipsTax #Ulips #ITRFiling #IncomeTax #Clear