ipcc material
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2010
according 80c deduction is provide once the life time of the premium or every year. e.g. i have sum assure of 100000 in lic so that the 20% is on the sum assure is provide every year.
Nikhil Kothari
(Expert)
06 November 2010
80C deductions for premium are available as deduction only in the year in which you pay the premium, subject to a maximum of 1,00,000 per year.
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