80c deduction

Bibhuti Bhusan Das (Financial Analyst) (144 Points)

16 August 2013  

Sir,

One person paid insurance premium Rs 12000/- on dated 01-mar-2013 as yearly premium. during filing we are taking this figure under 80c. Is it correct ? As the premium pertaining to the period 2012-13 is Rs 1000/- & Rs 11000/- pertaining to the period 2013-14.

 

Pls share your views.

 

Rgds

 

Bibhuti