Lic deduction
This query is : Resolved
05 October 2015
Sir, I have paid 12000 as LIC premium in previous year of 2014-15, My policy value is 3,00,000 /-. Then how much amount will avail for deduction u/s 80c. for Assessment Year 2015-16.
05 October 2015
Please mention the Sum Assured...
Deduction available will be lower of the two:
1) Actual Premium paid.
2) 10% of Sum Assured.
Deduction available will be lower of the two:
1) Actual Premium paid.
2) 10% of Sum Assured.
05 October 2015
sumassured means? Which amount I will get after maturarity including bonous
05 October 2015
I have taken policy after 2012
05 October 2015
See the policy document, Sum Assured will be mentioned there.
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