07 January 2016
Sir, my sister is married. He has taken a policy for which he will pay onetime premium of Rs. 30,000 /- after 17 years it will matured. My question is that in case of married women is there any rule applicable that one time premium will eligible for deduction?
07 January 2016
There is no separate rule applicable for a married women. . She may get deduction U/s 80C to the extent of Rs 30000 or 1/10th of the sum assured , which ever is lower. . Deduction can be claimed in respect to the year in which premium has been paid.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 January 2016
Sir you mean Rs.150000 limit is not applicable for married son or daughter
07 January 2016
Rs 30000/- has been written in respect to the premium mentioned in your query. . Rs. 150000/- limit is the maximum limit for deduction, that will be there in case of any Individual, whether, married, unmarried, or divorcee. .