Lic premium u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2013
I have open a new Life Insurnace policy on Dec 2012 in my son name Sum assured is Rs.500000/- & premium is 100000/- whether I will get the whole amount of premium Rs.1 Lac exepmted or restricted to 10% i.e 50000/- will get the exemption. Pls guide.
CA Parul Saxena
(Expert)
16 February 2013
you will get the deduction of premium amount i.e.50000/-
CA Ayush Agarwal
(Expert)
16 February 2013
Agreed With Above reply.
But Will You Let me Know Which Policy is This ?
Sum Assured is 5 Lacs
and Premium Paying 1 Lacs.
But Will You Let me Know Which Policy is This ?
Sum Assured is 5 Lacs
and Premium Paying 1 Lacs.
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