St element in lic premium

CA Final 479 views 3 replies

do we consider ST element in LIC premium for claiming deduction under 80c and can we claim Accident policy (general insurance ) in LIC premium under 80C or not

Replies (3)

Yes, you have to consider the LIC premium amount including service tax while claiming deduction u/s 80C.

what about accident insurance, can we claim it in lic premium in 80C  or other 80c investments

It will not be allowed as deduction.


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