deduction u/s 80c
This query is : Resolved
11 June 2016
I have taken HDFC Life Super Income Plan. I have paid premium of Rs 100000/- during the year and sum assured of policy is as under-
sum assured on maturity =Rs 587966/-
sum assured on death = Rs 964970/-
How much deduction I will get u/s 80C? whether it is a annuity plan or life insurance plan? whether it will be limited to 10% of sum assured ? or if it is a annuity plan whether full amount will be allowed as deduction?And what value will be taken as minimum sum assured?
plz help
sum assured on maturity =Rs 587966/-
sum assured on death = Rs 964970/-
How much deduction I will get u/s 80C? whether it is a annuity plan or life insurance plan? whether it will be limited to 10% of sum assured ? or if it is a annuity plan whether full amount will be allowed as deduction?And what value will be taken as minimum sum assured?
plz help
12 June 2016
you may claim insurance premium limited to 10% on sum assured on death or insurance premium paid which ever is lower
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
