Can any one provide me the list of LIC plan which is exempted u/s 80C?
Thankx
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Deduction u/s 80C(LIC)
Replies (4)
any of the plan is eligible of 80C deduction...but the amount of premium paid or payable should not exceed 20% of the amount assured under the policy
If my SA is Rs.50000/, and diposited Rs.15000/- as premium. Then Can I get deduction of Rs.10000/-?
Yes, you can get a deduction of Rs. 10000/-
deduction can be claimed..but the amount received on maturity will be fully taxable
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