Lic premium

This query is : Resolved

AMIT KR GHOSH (Querist)
Follow

17 August 2012 IF PREMIUM OF LAST 2 YRS AND THIS YEAR PAID IN THIS YEAR i.e. Total 3 PREMIUM. WILL I GET DEDUCTION OF 1 PREMIUM OR 3 PREMIUMS IN THIS YEAR

CA Navin Jain

CA Navin Jain (Expert)
Follow

17 August 2012 3 PREMIUMS BUT AMOUNT NOT EXCEED THE 20% OF CAPITAL SUM ASSURED.

Message likes : 1 times

AMIT KR GHOSH

AMIT KR GHOSH (Querist)
Follow

17 August 2012 1. SUM ASSURED RS.100000/- PREMIUM 8958/- BUT PAID RS.26874/- THIS YEAR (3 Premiums).
2. SUM ASSURED RS. 175000/- PREMIUM 6131/- BUT PAID RS. 12262/- THIS YEAR (3 PREMIUMS)

IF 20% OF SUM ASSURED THEN DEDUCTION AV ON
1. 20000/-
2. 12262/-

PLEASE CONFIRM IF I AM CORRECT OR NOT

CA Navin Jain

CA Navin Jain (Expert)
Follow

17 August 2012 yes, you are correct.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok