Life insurance deduction in Income tax
Tapas Samadder (536 Points)
25 April 2023Tapas Samadder (536 Points)
25 April 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 25 April 2023
Max. Rs. 1.50 lakhs, u/s. 80C can be claimed, under old tax regime.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 25 April 2023
Max. Rs. 1.50 lakhs, u/s. 80C can be claimed, under old tax regime.
As per sec. 10(10D) of IT act, For the insurance policies purchased after April 30, 2012, the amount of premium must not exceed 10% of the Sum Assured.
sabyasachi mukherjee
(27574 Points)
Replied 26 April 2023