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Deduction of sbi life insurance


08 January 2018 Hello
I paid SBI Life Insurance Premium 3000 Per quarter . But Insurance company Offer if u pay rs 19255 you will get rs 21000 within one month ... so how it will effect in income tax retrun and on 21000 i will pay full tax or 21000-19255=1745 on tax ...and 21000 will added to my capital full exempt of rs 21000 form income tax


08 January 2018 No.... Which amounts you get receipt of LIP that only you can claim deduction...



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