banner_ad

Deduction under sec 80C

Others 238 views 2 replies
I have LIC policy and the premium is paid Qly. The premium for the 4th Qr is due for payment in Mar 19. How can I declare this amount to the employer without a proof now. The employer is asking declaration with proof for TDS purpose. Can I show the premium due in Mar 19 without a receipt. What is the order in such cases. Declarations are asked by employers even 6 months in advance or more for TDS purpose. Thanks in advance if respected experts could guide me.
Replies (2)
sir, you have two options:
1) You can submit premium due on march 19 also along with payment receipts for premiums paid at earlier uf your employer accepts thhe same..
2) otherwise let the employer deduct TDS without considering the last quarter premium (say due in march 19) and later on you can claim refund if any at the time of filing incom tax return by showing such premium also...
you can claim deduction by showing earlier years receipt . employer has to accept the same.
else claim it while filing your return.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details