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Deduction on Lic Premium

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Katihar
63 Points Posted on 21 March 2022
I took LIC plan whose annual premium is 44000.
can I claim 100% deduction on 44000 under Sec 80C
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On 21 March 2022 at 13:15 Report
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Profession Business
28198 Points Posted on 21 March 2022
Chapter VIA DEDUCTION CAN BE AVAILED SUBJECT TO THE PREMIUM AMOUNT.
44 Reply
On 21 March 2022 at 13:38
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student
258 Points Posted on 22 March 2022
You can claim deduction for premium only if it is less than or equal to 10 percentage of sum assured
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On 22 March 2022 at 00:10
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Profession Business
28198 Points Posted on 23 March 2022
No I do not think so.
That rule is a seperate one and cut off date is different.
44 Reply
On 23 March 2022 at 07:56


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