Income tax deduction u/s 80 c

SANJAYKUMAR P PADHI (ARTICLE ASSISTANT) (30 Points)

06 July 2015  

Hello Everyone,

Can anybody help me to find out the answer of one question.

The question is:-

Our Lic prem due date is 15th April 2015 for f.y. 2015-16.

But we paid Lic premium for f.y. 2014-15 on 15 th April 2014 and

for Lic premium of f.y. 2015-16 on 15th march 2015.

Lic premium per year is Rs. 40000/-

Then, How much deductions U/S 80C we will get for F.Y.2014-15?

 

Thanks & Regards

Sanjaykumar Padhi