Tax Savings
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2011
Dear Sir,
Single premium amounting to Rs. 1,00,000 paid to LIC, SBI - does the full amount qualifies under 80 C deduction for Tax Savings.
Single premium amounting to Rs. 1,00,000 paid to LIC, SBI - does the full amount qualifies under 80 C deduction for Tax Savings.
31 March 2011
Maximum deduction Rs 100000/- Subject to 20% of Sum Assured.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2011
Thanks Sir
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