Deductions for tax benefits

Tax planning 342 views 2 replies

Hi,

 

I looked up the IT Act and was unable to find a solution to this query.

 

I recently purchased the following insurance policies:

 

For Myself -> Critical Illness Health Insurance, Personal Accident and Disablement Insurance

For My Mother -> Personal Accident and Disablement Insurance

 

I want to know whether I can show the premium receipts for these when I compute my tax liability. Are the premiums paid for these policies falling within the 1 lakh investment limit for individual taxpayers?

 

Regards,

 

Nitin

Replies (2)

illness Insurance and disability insurance are tax deductible.

illness and disability may be claimed under 80 D, 80DD, 80DDB.

But doubt on accidental

Dear sir, 

        how to calculate the pf on salary and tds please tel me as soon as  its very urgent for me 

         exp: A salary  100000 p.m on his salary  how to calculate the tds and pf

 


CCI Pro

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