Income tax decuction of lic premium from govt salary
This query is : Resolved
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.
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.
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.
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