RPLI insurance for dependent parents

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3 Points Posted on 28 July 2021

I have paid the RPLI premium for my parents. How can I file the premium amount at the time of return filling?

RPLI policy is under my parents name. Can I file it under 80C? Looking for your help.

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On 28 July 2021 at 10:24 Report
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Quick Summary
This discussion clarifies how to claim tax deductions for Rural Postal Life Insurance (RPLI) premiums paid for dependent parents. While the policy is in your parents' names, you can claim the deduction under Section 80C of the Income Tax Act. You do not need to upload the policy document; simply enter the premium amount in the relevant section of your Income Tax Return (ITR) form.

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Chartered Accountant
24588 Points Posted on 28 July 2021
Yes you claim deduction
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On 28 July 2021 at 11:06
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3 Points Posted on 28 July 2021

Thanks for your time sourav. Do we need to upload the insurance policy document alone? is that okay?

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On 28 July 2021 at 11:17
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Chartered Accountant
24588 Points Posted on 28 July 2021
No just mention the amount of premium in ITR
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On 28 July 2021 at 11:53
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Chief Accountant
3150 Points Posted on 29 July 2021
Not required to upload any documents
just mention the amount of premium paid in respective column in itr form
1 Reply
On 29 July 2021 at 20:09

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