Is Late Fine for LIC Premium allowed as deduction???

no deduction is available for late fees paid for lic premium

Deduction under Sec 80C is allowed only for the amount of premium paid....hence excluding fine..

Fine paid for late payment of premium is not allowed as deduction as it is penal in character.

no, only lic premium is eligible for deduction u/s 80C

ALL OTHER LIKE INTEREST IS NOT DEDUCTABLE

No, that is not insurance premium,

Thanks 2 all for answering.

 AND THAKS FOR ASKING

 late fine paid is not allowable as deduction