Chapter VI Deduction 80C:

This discussion clarifies eligibility for Section 80C deductions concerning LIC payments made after the financial year-end. Even if your LIC payment was due in March but paid in April, you can still claim the deduction for the relevant Assessment Year (AY). The extended deadline of June 30th is also discussed, confirming that investments made by this date are eligible for AY 2021-22 deductions.