Poonawalla fincorps
Poonawalla fincorps

Whether gst tax paid on lic is eligible for 80c deduction

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Guest (Querist)
14 March 2018 Dear All

Please suggest.

When a person purchase a Insurance than he need to pay premium. for example: if i paid premium amount of Rs.11800/- including 18% GST , then whether i need to get exemption full amount paid for premium under deduction u/s 80C ?

Please suggest the same.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
14 March 2018 Yes you can claim Full premium amount including GST u/s 80C
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Expert : Anonymous

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Expert : Anonymous (Expert)
15 March 2018 Yes deduction amount is including gst
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