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Tax Savings

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2011 Dear Sir,

Single premium amounting to Rs. 1,00,000 paid to LIC, SBI - does the full amount qualifies under 80 C deduction for Tax Savings.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 March 2011 Maximum deduction Rs 100000/- Subject to 20% of Sum Assured.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 April 2011 Thanks Sir
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