Section 80C

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1 Points Posted on 13 January 2020
whether LIC premium paid in cash (not deducted from salary) will qualify for section 80C??
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On 13 January 2020 at 12:07 Report
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This discussion clarifies whether LIC premiums paid in cash, rather than deducted from salary, are eligible for Section 80C tax benefits. The consensus is that direct cash payments for LIC premiums do qualify under Section 80C. Up to £50,000 in cash payments for premiums are permissible for this deduction.

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17269 Points Posted on 13 January 2020
Upto 50000/- cash payment of premium is allowed

Direct LIP payment is qualified under 80C.
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On 13 January 2020 at 15:03
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BUSINESS DEVELOPMENT MANAGER
1697 Points Posted on 13 January 2020

Direct LIC paid in cash is qualified under 80C

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On 13 January 2020 at 15:43

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