The New India Assurance receives Rs 255.68 crore income tax refund

Arunika Jain — Tue, 19 May 2026 09:24:23 +0000

The New India Assurance Company has received an income tax refund amounting to ₹255.68 crore for the assessment year 2019-20. This refund includes both the principal amount and the interest accrued.

The Income Tax Department issued a refund of ₹233.10 crore as the principal amount, along with an interest payment of ₹22.57 crore, bringing the total refund to ₹255.68 crore. This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The refund pertains to the assessment year 2019-20, highlighting a significant financial adjustment for the company. Such refunds can impact the financial statements of a company, potentially improving liquidity and financial performance metrics.

The New India Assurance Company, a government undertaking, is one of the leading players in the insurance sector in India. The receipt of this refund aligns with the company’s ongoing financial management and compliance with tax regulations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Abhishek Pagaria | Business Upturn

The New India Assurance receives Rs 255.68 crore income tax refund