Rural postal life insurance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2013
Sir,
I have taken one Rural Postal Life Insurance Policy and paid a premium of Rs. 31250/- . I want to know the above premium is exempted from Income Tax undr section 80 C. Kinldy let us know the same and ny notification in this regard. As my company is not allowing the same for tax rebate
Thanking you
A. Jayaprakas
I have taken one Rural Postal Life Insurance Policy and paid a premium of Rs. 31250/- . I want to know the above premium is exempted from Income Tax undr section 80 C. Kinldy let us know the same and ny notification in this regard. As my company is not allowing the same for tax rebate
Thanking you
A. Jayaprakas
01 March 2013
The premium paid on effecting a Life Insurance Policy would be allowed as deduction u/s 80C.
To my knowledge,there is nothing which could prevent you from claiming the said deduction on Polstal Life Insurance Policy.
To my knowledge,there is nothing which could prevent you from claiming the said deduction on Polstal Life Insurance Policy.
01 March 2013
Hi,
Yes Agree with Suraj..
S/80C states as....to effect or to keep in force an insurance on the life of persons...
so in now way it states that it doesnt cover Ins. of rural bank. So it is eligible!!
Thanks!!
Yes Agree with Suraj..
S/80C states as....to effect or to keep in force an insurance on the life of persons...
so in now way it states that it doesnt cover Ins. of rural bank. So it is eligible!!
Thanks!!
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