Sec-80 c

This query is : Resolved

abhishek vats (Querist)
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02 August 2017 POLICY DETAIL
BASIC SUM ASSURED AMOUNT-306861
INSTALLMENT PREMIUM-28940
SERVICE TAX & OTHER CHARGES-1085.25
TOTAL INSTALLMENT PREMIUM-30025.31
QUE IS WHAT WILL BE THE AMOUNT OF DEDUCTION U/S-80C

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2017 30025.31 to be claimed under 80C.
(Some of the under knowledged employer are considering the basic amount of 28940)

CA Saloni

CA Saloni (Expert)
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02 August 2017 Same case here...our employer considers the basic amount.

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2017 @ CA Saloni, : any specific reason put forth by employer for considering basic amount and disregarding the service tax etc.?

CA Saloni

CA Saloni (Expert)
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02 August 2017 No........

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2017 Few of the under knowledged, especially those who have the tendency to think by putting themselves into the shoes of others rather than their own, do think that only basic amount be permitted. But the fact is whatever goes out of the pocket of the investor qualifies for the deduction u/s 80C

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CA Saloni

CA Saloni (Expert)
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03 August 2017 Thanks for your valuable knowledge sharing..

Amol S Joglekar

Amol S Joglekar (Expert)
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03 August 2017 You are most welcome.....

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