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Deduction under sec 80C
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...
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.
else claim it while filing your return.
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