I took LIC plan whose annual premium is 44000.
can I claim 100% deduction on 44000 under Sec 80C
3 Replies
sabyasachi mukherjee
(27574 Points)
Replied 21 March 2022
Chapter VIA DEDUCTION CAN BE AVAILED SUBJECT TO THE PREMIUM AMOUNT.
ALAMELU.N.N
(student)
(258 Points)
Replied 22 March 2022
You can claim deduction for premium only if it is less than or equal to 10 percentage of sum assured
sabyasachi mukherjee
(27574 Points)
Replied 23 March 2022
No I do not think so.
That rule is a seperate one and cut off date is different.
That rule is a seperate one and cut off date is different.
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