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80c claim or not

GHANSHYAM YADAV (STUDENT) (53 Points)

16 December 2015

single premium policy amt 49236/- claim 80C OR NOT

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38 Replies

S. Shiroor (Others) (1207 Points)
Replied 16 December 2015

Yes you can claim if it is by a recognized Insurance provider- approved by the govt regulator IRDA.

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

saranraj thangaraj (articled assistent) (121 Points)
Replied 16 December 2015

Yes can be claimed as per IT Act 1961... W.e.f. 1.4.2013 premium can be claimed which is not excess of 15% of sum assured... E.g.., sum assured is 150000, LIP can be claimed maximum as 22500 even though they have paid in excess of 22500....

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