Any amount that you pay towards life insurance premium for yourself, your spouse or your children can be claimed as deduction u/s Section 80C. While u/s 80CCD deduction is available in respect of keeping in force a contract for any annuity plan o for receiving pension from the Fund referred to in section 10 (23AAB). The aggregate amount of deduction under sections 80C, 80CCC and sub section (1) of Section 80CCD shall not exceed Rs.1,50,000/- (Section 80CCE).
Leave a Reply
Your are not logged in . Please login to post replies