Form 16
This query is : Open
12 March 2012
Dear Experts,
Please let me know about:
1.u/s 10 in form 16, salary certificate
2.the payment of LIC maximum 20% sum assured u/s 80C deduction
Dear Experts,
Please let me know about:
1.u/s 10 in form 16, salary certificate
2.the payment of LIC maximum 20% sum assured u/s 80C deduction
12 March 2012
section 10 is for various types of deduction such as in form 16 for ur allowances
and u/s 80c u get the deduction of 20% of sum assured for eg sum assured is 200000 then max premium deduction is 40000
and u wll get the deduction of rs 40000
and u/s 80c u get the deduction of 20% of sum assured for eg sum assured is 200000 then max premium deduction is 40000
and u wll get the deduction of rs 40000
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