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!!
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