banner_ad

Section 80c lic premium

This query is : Open 
Profile Image

Profile Image

(Querist)
29 January 2014 Can anyone tell whether the limit of 10% of the sum assured in respect of the LIC premium is applicable on each premium paid separately or total premium paid for the FY.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
30 January 2014 it applies to each separate policy...
Profile Image

Chandan Babu Gupta

Profile Image

Chandan Babu Gupta (Querist)
30 January 2014 But actually i'm asking regarding the premium paid for the single policy. Whether the limit of 10% or 20% as the case may be applies for the whole year premium paid or for the individual premium amount which may be payable monthly/quarterly/half yearly???
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
30 January 2014 ok...the total premium paid during the year...
Profile Image

Chandan Babu Gupta

Profile Image

Chandan Babu Gupta (Querist)
30 January 2014 yeah exactly for the whole year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


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
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details