Lic premium 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2012
i have invested rs. 28000 in lic single premium? how much i can claim it under section 80C?
CA CS Amit S. Kedia
(Expert)
26 June 2012
Total amount of Rs. 28000 is available for deduction on th following 2 conditions-
1. it should not be more than 20% of the Sum Assured
2. Total deduction under section 80C, 80CCC, 80CCD should not exceed Rs. 1 lakhs.
1. it should not be more than 20% of the Sum Assured
2. Total deduction under section 80C, 80CCC, 80CCD should not exceed Rs. 1 lakhs.
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