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maximum eligible amount of deductions claimed for lic premium paid u/s 80C?
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Maximum deduction allowed u/s. 80C is 1.50 lakhs, whether paid for only insurance premium or in aggregate with other options available under the section.........
1,50,000 under 80C
what percentage of sum assured can be claimed as deduction for lic premium?
Under Section 80C the deduction is valid only if the premium is less than 10% of the sum assured
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