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Lic and tax benefit

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2013 Hi,

I had took LIC policy 10 yrs back. The Premium date for it is 28th March.

I have paid the premium of the March 2012 on 10 April 2012.
Now even though my premium date is 28 March (which comes in FY 2011-2012), can I take tax benefit for the Financial Year 2012-2013? (because I have paid the premium in this FY range)....

Please clarify my doubts.....

Thanks,
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Hemant Kumar

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Hemant Kumar (Expert)
08 February 2013 Yes you can take benefit or this amount in 2012-13.
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