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Deduction U/S 80C

Tax queries 823 views 3 replies

hi all,

                    If an employee pay the lic premiun for his mother's policy.For this can he get the deduction U/S 80 C.

 

Regards

Rina

Replies (3)

yes

1 can claim the deduction u/s 80c subject to

the parents should be dependent on the person who wants to claim the above benefit.

 

In case of an individual, mother does not fall within the definition of "person" as per Sub Section 4 of Section 80C. You will not get any benefit

The deduction is available for the individual, the wife or husband and any child of such individual only.

So you will not get deduction on mother's policy.


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