Life Insurance Payout Tax Calculator 2027
Calculate Finance Act 2026 tax on life insurance or family takaful payout gains under Sections 7G and 151B for Tax Year 2027.
Overview
Calculate Finance Act 2026 tax on life insurance or family takaful payout gains under Sections 7G and 151B for Tax Year 2027.
Life Insurance Payout Tax (Sec 7G): worked example
Life Insurance WHT Section 7G (TY 2027). This example uses the calculator's starting inputs for Tax Year 2027 and active filer status where applicable. Change the inputs in the interactive calculator to estimate your own result.
| Input | Starting value |
|---|---|
| gross Payout | 1,000,000 |
| premiums Paid | 700,000 |
| holding Years | 3 |
| reason | maturity 1 4 |
| Item | Rate or basis | Result |
|---|---|---|
| Gross Insurance / Takaful Payout | 100% | Rs. 1,000,000 |
| Aggregate Premiums / Contributions Paid | Cost | - Rs. 700,000 |
| Net Taxable Gain Amount | Gain | Rs. 300,000 |
| Section 7G Tax Rate (Maturity after 1 but before 4 years (10%)) | 10% | - Rs. 30,000 |
| Net Insurance Payout Received | Net | Rs. 970,000 |
- TAXABLE PROCEEDS (GAIN)
- Rs. 300,000
- TAX WITHHELD / PAYABLE
- Rs. 30,000
Reference used by this calculator: Income Tax Ordinance 2001, Sections 7G and 151B.
Figures are estimates for the assumptions shown. Exemptions, transaction details and the selected year can change the result; confirm the applicable rules before filing or making a payment.
Official references: FBR Finance Acts · FBR Withholding Tax Rate Cards.
Quick Answer and Process
Calculate Finance Act 2026 tax on life insurance or family takaful payout gains under Sections 7G and 151B for Tax Year 2027.
Frequently Asked Questions
Is the Life Insurance Payout Tax Calculator 2027 result an official FBR demand?
No. It is an informational estimate based on the selected inputs and available rules. An authority assessment or special facts can change the final liability.
Which tax year and filer status should be selected?
Choose the tax year in which the income or transaction belongs and the taxpayer status that applies on the relevant date.
Can the estimate be used directly in a return or challan?
Use it for planning and cross-checking. Verify the taxable base, exemptions, credits, and current law before submitting a return, statement, or payment challan.
Tax Year and Sources
Check the selected tax year and applicable legal provisions before relying on an estimate. Consult the official FBR publications for enacted changes, exemptions and current rates. FBR Finance Acts · FBR Withholding Tax Rate Cards.
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About AM Tax and Corporate Hub
This calculator is an informational planning tool maintained by AM Tax and Corporate Hub and does not replace an FBR assessment or professional review.
Office address: Office no 7, Kashif Mobile Market, Trolly Adda, near Khana Pull, Rawalpindi. Phone and WhatsApp: +92 327 0444011. Email: info@amtaxhub.com.
Confirm the applicable rules, source publication dates and current requirements before relying on this information.