80c lic deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2016 Dear Experts,
I have paid Rs. 167890/- LIC premium in AY 2016-17 and for the same taken deduction of 150000/- u/s 80C in the return of AY 2016-17,
Plz tell me can i claim the deduction of rest 17890/- in the return of AY 2017-18

Thanks & Regards
Sunil Kumar

Amol S Joglekar

Amol S Joglekar (Expert)
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21 October 2016 No. The deduction is per annum basis and is granted for the amount paid in that year.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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21 October 2016 No Deduction is Allowed only in the year of Payment , Excess paid above Limit is not be Considered for Future Savings.

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