Deduction under 80 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2014
if EMI paid or PPF Paid or LIC premium paid after 31 st march is allowable as a deduction for TAX calculation for salaried person.
29 September 2014
No, not allowed......
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2014
but sir if i LIC premium paid after 31st march with interest then premimum amount is allowed,
29 September 2014
No, deduction of Insurance Premium is allowed in the year in which payment is made.
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