banner_ad

Income tax decuction of lic premium from govt salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 August 2017 Hello Sir,
I am a Govt Employee, My Salary is Rs. 31,340 - 200 Professional Tax=Rs. 31,140
Now I am Paying Rs. 1,250 per YEAR as LIC Premium , Now How to deducted that Premium from My Salary.
I mean What Amount of LIC Premium Should be deducted Monthly from My Monthly Salary ?
Plz answer.
Profile Image

ABHISHEK GARG

Profile Image

ABHISHEK GARG (Expert)
17 August 2017 You just need to submit the Proof of LIC Paid (Premium Receipt) to your Deptt., they will automatically gives you the benefit of the same in taxation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details