Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2016
Can an women employee take the benefit of LIC policy in the name of her husband ?
29 August 2016
Yes,
As per section 80C of Income Tax Act, 1961 For Life Insurance Premium In the case of Individual policy should be taken on his own life, life of the spouse or any child (child may be dependent/independent, male/female, major/minor or married/unmarried) but the premium amount cannot exceed maximum ceiling 10% of sum assured.
As per section 80C of Income Tax Act, 1961 For Life Insurance Premium In the case of Individual policy should be taken on his own life, life of the spouse or any child (child may be dependent/independent, male/female, major/minor or married/unmarried) but the premium amount cannot exceed maximum ceiling 10% of sum assured.
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