SBI Life Insurance Company Ltd

SBI Life Insurance Faces ₹537.75 Crore Tax Demand 📋

- Received Income Tax Assessment Order on March 11, 2026, from Faceless Assessment Unit

- Tax demand: ₹441.24 crore

- Interest: ₹96.51 crore

- No penalty imposed

- Total amount demanded: ₹537.75 crore

- Company states no adverse material impact on financial operations

- Tax authority disallowed certain exemptions under sections 10(15) and 10(23AAB)

- Income charged under section 56

- Incorrect corporate tax rate applied (30% instead of applicable rate under section 115B)

- Company plans to contest order by filing appeal with Appellate Authority