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Serial Quizzer Day 2

A visually engaging and educational infographic relating to Krishi Kalyan Cess, insurance premiums, and service tax with vibrant colors and clear illustrations.

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

5 Questions1 MinutesCreated by CalculatingGuru257

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%

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%

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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