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17 August 2012 IF PREMIUM OF LAST 2 YRS AND THIS YEAR PAID IN THIS YEAR i.e. Total 3 PREMIUM. WILL I GET DEDUCTION OF 1 PREMIUM OR 3 PREMIUMS IN THIS YEAR
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CA Navin Jain

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CA Navin Jain (Expert)
17 August 2012 3 PREMIUMS BUT AMOUNT NOT EXCEED THE 20% OF CAPITAL SUM ASSURED.
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AMIT KR GHOSH

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AMIT KR GHOSH (Querist)
17 August 2012 1. SUM ASSURED RS.100000/- PREMIUM 8958/- BUT PAID RS.26874/- THIS YEAR (3 Premiums).
2. SUM ASSURED RS. 175000/- PREMIUM 6131/- BUT PAID RS. 12262/- THIS YEAR (3 PREMIUMS)

IF 20% OF SUM ASSURED THEN DEDUCTION AV ON
1. 20000/-
2. 12262/-

PLEASE CONFIRM IF I AM CORRECT OR NOT
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CA Navin Jain

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CA Navin Jain (Expert)
17 August 2012 yes, you are correct.

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