80c claim or not

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

Dear Ghanshyam Your question is too short for determining whether entire amount of premium can be claimed as deduction under section 80C of Income Tax Act. Details of death sum assured is required for the same However you can claim deduction upto 10% (15% in case of handicapped) of sum assured if the policy is issued on or after 1st April 2012. If the premium you have mentioned is less than pr equal to the 10% of death sum assured then you can claim entire amount as deduction if not it will be restricted to 10% of sum assured.

1. Yes, you can claim as deduction. undersec.80C . 2. If your policy is not annuity basis (only single payment ) and policy is taken on or after 01 July 2012 than deduction will be 10% of min sumassured.