A salaried person filed his ITR -1. In
Part B of Form 16 there is deduction of LIC premium of 1,10,000.
but when I checked his ITR Form deduction actually claimed was of 60,000.
what would be the reason for such difference in Form 16 and Actual IT filled
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Deduction of LIC premium
Replies (2)
Quick Summary
May be in form 16 ,both LIC premium and HEALTH insurance for his family including senior citizens are showed under sec 80C instead of showing Rs.60000/-under 80C And Rs.50000/- u/s 80D.
sir did u verified the LIC certificate ?
sir did u verified the LIC certificate ?
| Originally posted by : Chahat Bansal | ||
 |
A salaried person filed his ITR -1. In Part B of Form 16 there is deduction of LIC premium of 1,10,000.but when I checked his ITR Form deduction actually claimed was of 60,000.what would be the reason for such difference in Form 16 and Actual IT filled |  |
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