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Section 80ccc

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(Querist)
13 January 2009 I am investing in LIC's Jeevan Aashta Rs.25000/- I want to know is this full amount is allowed as deduction from my income or part of it. It is only one time investment.

Thanks.
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Mugdha

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Mugdha (Expert)
13 January 2009
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Mugdha

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Mugdha (Expert)
13 January 2009 Full amount is available for exemption u/s 80 C and not under 80CCC.
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K V Subba Rao

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K V Subba Rao (Expert)
13 January 2009 Yes-Visit http://www.livemint.com/2008/12/08181426/LIC-launches-Jeevan-Aastha-pla.html
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CA Nallathambi Srinivasan

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CA Nallathambi Srinivasan (Expert)
13 January 2009 Yes it is fully exempted. You can cross verify the Premium receipt, in the premium receipt itself they will mention the Income Tax exemption details.

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