Deduction under section 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2012
One time premium is paid under Reliance Life Insurance Classic Plan and premium amount does not exceed 20% of Sum assured. Is it eligible for Deduction under Section 80C?
25 March 2012
Yes the amount is eligible for deduction.
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