Deduction U/s 80C
This query is : Resolved
23 February 2011
Dear All,
Some of our employees asking whether LIC premium paid on their parents policies is allowable for deductions u/s 80 C ?.
Some of our employees asking whether LIC premium paid on their parents policies is allowable for deductions u/s 80 C ?.
23 February 2011
LIC premium on his own life, life of the spouse or any child qualify u/s 80C. Premium paid on the parents does not qualify u/s 80C
23 February 2011
Mediclaim Premium paid for parent are allowed only under section 80D /80DD / 80DDB.
Its not allowed under 80C.
Its not allowed under 80C.
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