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Form 16

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(Querist)
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
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CA Himanshu Sharma

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CA Himanshu Sharma (Expert)
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

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