Tax and GST interview questions for insurance roles
89 questions from core to advanced: concepts, calculations, whiteboard diagrams, SQL, scenarios and behavioural. Answer out loud first, then reveal the model answer and example. Mark each one practised when you can answer it without looking.
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How did GST on insurance change in September 2025?
- From 22 Sep 2025, individual health (including floater and senior) and individual life went from 18% to 0%.
- Group health and group life stay at 18%.
- Goods-carriage TP cut from 12% to 5%; motor otherwise 18%.
You own a GST module built in 2022. What would you change?
- Add a rate rule by product and cover type before the state rule (CGST + SGST / UTGST vs IGST).
- Split goods-carriage invoices: TP at 5%, OD and add-ons at 18%.
- Zero-rate individual health and life; keep group at 18%.
- Effective-date by premium payment date; regression-test endorsements and credit notes.
How is the health insurance tax deduction claimed now?
- Income-tax Act 2025 from 1 Apr 2026: section 126 replaces 80D.
- ₹25,000 for self and family, ₹50,000 if senior; separate limit for parents.
- Old regime only; cash premiums not allowed (except preventive check-ups).
Explain the GSTIN validation rule.
- 15 characters: 2-digit state code, 10-character PAN, entity number, a character, check digit.
- Same state as sourcing branch → CGST + SGST; union territory → CGST + UTGST; different → IGST.
- No GSTIN → use customer postal code against branch.