Service tax - insurance premium -deduction u/s 80c of it act

U/s 80C, whatever amount paid to keep the policy alive (other than penalty like late fee) is allowed asdeduction. The assessee can not pay premium without paying service tax. So it’s allowable asdeduction u/s 80C. Hence, full amount is elegible for deduction.

Agreed with Ajeet

Only Penalties, revival charges, etc are to be excluded.