banner_ad

Rural postal life insurance

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 March 2013 Sir,

I have taken one Rural Postal Life Insurance Policy and paid a premium of Rs. 31250/- . I want to know the above premium is exempted from Income Tax undr section 80 C. Kinldy let us know the same and ny notification in this regard. As my company is not allowing the same for tax rebate

Thanking you

A. Jayaprakas
Profile Image

CA Suraj Lakhotia

Profile Image

CA Suraj Lakhotia (Expert)
01 March 2013 The premium paid on effecting a Life Insurance Policy would be allowed as deduction u/s 80C.

To my knowledge,there is nothing which could prevent you from claiming the said deduction on Polstal Life Insurance Policy.

Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
01 March 2013 Hi,

Yes Agree with Suraj..

S/80C states as....to effect or to keep in force an insurance on the life of persons...

so in now way it states that it doesnt cover Ins. of rural bank. So it is eligible!!

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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details