80 C deduction
This query is : Resolved
13 February 2008
Hi, does the term insurance plan of LIC qualify for 80C deduction
Regards
Subbaiya
Regards
Subbaiya
13 February 2008
term insurance plan will qualify for 80c deduction
13 February 2008
YES, UNDER SEC 80C THE PREMIUM PAID ON THE LIFE INSURANCE POLICIES OF LIC LIKE ANY OTHER INSURANCE COMPANY ,BESIDES MANY ANNUITY POLICIES OF LIC LIKE ANY OTHER INSURANCE COMPANY,UNIT LINKED PLANS OF LIC AS WELL AS OTHERS OFFER SCOPE FOR INCOME TAX EXEMPTION.
R.V.RAO
R.V.RAO
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