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Income Tax Rebate

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(Querist)
10 December 2008 I am a pvt ltd.company employee.my annual salary is 200000.so i m eligible for pay incometax but i have a lic policy of Rs.54000/yr.but in present i dont provide it to my boss so they deduct my incometax from my salary.
Now can i claim for refund it in my incometax return..?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 December 2008 File income tax return and claim refund.
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Jairam

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Jairam (Expert)
11 December 2008 Yes.Provided ur net taxable income is below exemption limit or if ur total tds is higher than tax payable.




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