80c deduction- single premium policy
This query is : Resolved
01 August 2013
Please give details about eligibility of premium paid under SINGLE PREMIUM POLICY UNDER SEC 80C.
Taxability of maturity proceeds.
Thank You.
Taxability of maturity proceeds.
Thank You.
01 August 2013
Actual Premium Paid or 20% of Sum Assured Vale whichever is less can be claimed as deduction u/s 80C.
01 August 2013
Limit of 20% of sum assured is for policies issued on or before 31st March 2012.
From 1st April 2013 limit of 20% is revised to 10% of sum assured.
From 1st April 2013 limit of 20% is revised to 10% of sum assured.
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