GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Life Insurance Corporation of India (NSE:LICI) » Definitions » Tax Rate %

Life Insurance of India (NSE:LICI) Tax Rate % : 0.65% (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Life Insurance of India Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Life Insurance of India's Tax Expense for the three months ended in Dec. 2023 was ₹619 Mil. Life Insurance of India's Pre-Tax Income for the three months ended in Dec. 2023 was ₹95,309 Mil. Therefore, Life Insurance of India's Tax Rate % for the quarter that ended in Dec. 2023 was 0.65%.


Life Insurance of India Tax Rate % Historical Data

The historical data trend for Life Insurance of India's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Life Insurance of India Tax Rate % Chart

Life Insurance of India Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Tax Rate %
- - 0.29 0.96 0.23

Life Insurance of India Quarterly Data
Mar19 Mar20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 - 1.01 1.20 0.65

Life Insurance of India Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Life Insurance of India's Tax Rate % for the fiscal year that ended in Mar. 2023 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2023 )/Pre-Tax Income (A: Mar. 2023 )
=842.89/360809.35
=0.23 %

Life Insurance of India's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=619.331/95309.202
=0.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Life Insurance of India Tax Rate % Related Terms

Thank you for viewing the detailed overview of Life Insurance of India's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.


Life Insurance of India (NSE:LICI) Business Description

Traded in Other Exchanges
Address
Jeevan Bima Marg, Central Office, Yogakshema, Nariman Point, Mumbai, MH, IND, 400021
Life Insurance Corporation of India is engaged in providing life insurance in India. The company offers diversified product portfolio covering various segments across individual products and approximately 178 group products.

Life Insurance of India (NSE:LICI) Headlines

No Headlines