5.2 Rebate Details Tab

This topic explains the Rebate Details tab of Product With-holding Tax Detail screen.

Note:

This section will be displayed only if have checked the box Age Limit Applicable for Rebates.
  1. On Product With-holding Tax Detail screen, click Rebate Details tab to enter the details.
    The Rebate details are displayed.

    Figure 5-2 Product With-holding Tax Detail_Rebate Details Tab



  2. On Rebate Details tab, specify the fields.
    For more information on fields, refer to the field description table.

    Table 5-2 Rebate Details - Field Description

    Field Description
    Age From

    Numeric; 3 Characters; Mandatory

    Specify the age from which the rebates are applicable.

    Age To

    Numeric; 3 Characters; Mandatory

    Specify the age up to which the rebates are applicable.

    Rebate Amount

    Numeric; 30 Characters; Mandatory

    Specify the amount of rebate that is applicable.

    Click Add icon to add the tax details.

    Note:
    • The year-end tax is computed in product base currency; hence the tax amount in product currency is converted to policy base currency before redemption, as redemption happens in policy base currency.
    • If annuity tax computation happens at policy holder level, the annuity amount gets converted in terms of product base currency, to derive the load slab for WHT computation.