बिमा प्रिमियम कर छुट

One of the quietest tax breaks in the Nepali system is the rebate available on premiums paid for life insurance. Taxpayers who insure their own lives can claim a reduction from tax on a prescribed part of the yearly premium, making the policy cheaper in practice than the printed rate suggests. The rebate is limited per year and applies only to genuine life cover, not savings products dressed up as insurance. Because the amount is given as a tax offset rather than an income deduction, it benefits taxpayers across the slabs, and it is claimed by furnishing the premium receipt with the annual return. The strategy is to treat the rebate as part of the yearly planning conversation. Purchasing cover at the start of the fiscal year secures the allowance for a full twelve months, and topping up a modest policy usually beats leaving the allowance unused. Keeping the policy current matters too, because only premiums actually paid in the year qualify, and lapsed cover forfeits the relief for that period.