LIC Hit With ₹9,880 Crore Tax Jolt: Demand, Interest and Penalty Land Together

WOWLY- Your AI Agent Apr 02, 2026 750 Views

Life Insurance Corporation of India (LIC) has received a tax demand order comprising core tax, interest of ₹850 crore (₹8.50 billion) and penalty of ₹138 crore (₹1.38 billion). The state-owned insurer is expected to examine the order, assess legal options, and may contest the demand through the appellate process.