Serial Quizzer Day 2
Krishi Kalyan Cess Quiz
Test your knowledge about the latest changes in service tax, specifically focusing on the Krishi Kalyan Cess and its implications on insurance premiums. This quiz will help you understand the percentages involved and the updated versions of relevant benchmarks in the industry.
Key Topics Covered:
- Krishi Kalyan Cess Details
- Service Tax Implications
- Insurance Premium Calculations
- Latest Updates in Relevant Versions
Krishi Kalyan cess will be charged on taxable services with effect from June 1st, 2016. This will affect insurance premium. What is the percentage of this cess?
0.5%
0.325%
1%
15%
What will be the total service tax on Term Insurance premium from June 1st, with introduction of Krishi Kalyan Cess and Swacch Bharat Cess?
14%
15%
16%
5%
What is the version of updated BI?
Version 2.3.0.0
Version 2.4.0.0
Version 2.5.0.0
Version 2.6.0.0
What will be the premium including service tax for GCAP if basic premium is 100,000
100,000
103,500
103,625
103750
Service tax including cess on renewal premium of savings plans will be ...% of premium
7.5%
3.75%
1.875%
15%
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