Salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2013
my basic salary is 600000 which is inclusive of professional tax (200 P.M)and 80c deduction was 100000.out of this 80c i paid jeevan sugam 50000 and another premium of rs 56000 can i get an exeemption for the first 50000 jeeavn sugam
01 March 2013
Hi
Restriction in LIC is that Insurance premium should not exceed 20% of the actual capital sum assured.
So you can claim deduction in conformity with above conditions.
Thanks!!
Restriction in LIC is that Insurance premium should not exceed 20% of the actual capital sum assured.
So you can claim deduction in conformity with above conditions.
Thanks!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- GST ON DAMAGED GOODS
- Last year TDS Claim
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
