Lic
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2013
Respected Sir,
I have opted a lic amount to rs 105000/-. Now my question is that will it be deduction in income tax if yes, then how much deduction will be received by me.
I have opted a lic amount to rs 105000/-. Now my question is that will it be deduction in income tax if yes, then how much deduction will be received by me.
23 July 2013
Dear Expert,
Is it premium????
If its premium then u/s 80 C, deduction is avaiable upto INR 100000/- provided other condition satisfied.
Thanks
Mihir Doshi
Is it premium????
If its premium then u/s 80 C, deduction is avaiable upto INR 100000/- provided other condition satisfied.
Thanks
Mihir Doshi
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2013
no this is value of policy and premiun is 1930 per half yearly.
23 July 2013
My dear,
Only premium on LIC Policy will be allowed for deduction.
U can claim total paid premium till the limit of INR 100000/- during the year.
Only premium on LIC Policy will be allowed for deduction.
U can claim total paid premium till the limit of INR 100000/- during the year.
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