The Life Insurance Corporation of India (LIC) has received from the Assessment Unit of the Income Tax Department a demand order for nearly ₹6,147 crore income tax as well as interest of over ₹953 crore.

The order pertains to FY 2021-22 and consists of income tax demand of ₹61,46,71,18,015 and an interest component of ₹9,53,25,87,935, LIC said in a filing to the stock exchange on Wednesday.

The order is appealable before the Commissioner of Income Tax (Appeals), the State-owned insurer said.


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