Regarding payment of lic premium

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Sir,

 

I have paid the LIC premium on 01-04-2017 which the premium is due in the month of Jan.'2017.  Can I take it in 80C deduction for the FY 2017-18 (AY 2018-19). I have alo paid the current year premium of the same Policy in Jan.'18. Can I claim both in the present FY 2017-18 under 80 C Deductions.  Please guide me.

 

Thanks

S Karthik

Replies (4)
yes you can consider the LIC premium paid during 1-4-17 to 31-3-18..
you can claim the actual amount paid during the relevant financial year

Thank you very much Mr. Dilip and Mr. Jenil Shah for your response.

The actual amount of premium paid is to be considered for claiming deduction.

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