Tax for Policy premium paid in April for March’s due date

This discussion addresses whether an insurance policy premium, due in March but paid in April, can be claimed as a tax deduction under Section 80C for the financial year of payment. While ideally, the deduction should align with the period the premium relates to, the consensus suggests that the payment date is the determining factor for claiming the deduction in the current financial year (2021-22). It's important to ensure consistency and proper record-keeping to avoid issues.