Standard deduction
Nataraj P (45 Points)
30 January 2019LIC SINGLE. PREMIUM JEEVAN AKSHAY -VI
SUM ASSURED 1LAK .PREMIUM 1LAK DEDUCTION 20% OR 100%
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 30 January 2019
No deduction eligible u/s. 80C of IT act.
Standard deduction is available over salary income. Not over insurance policy.
Nataraj P
(45 Points)
Replied 30 January 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 30 January 2019
You have to file ITR and claim TDS deducted.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India