Lic premium receipt - deduction available ?

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

18 March 2015  

Friends

Please examine one LIC premium receipt attached for your ready reference. Is deduction available under section 80C of the Income Tax Act 1961 on this payment. ?

Kindly advise.

Regards,

Dipjyoti Majumdar