LIFE INSURANCE PREMIUM -MATURITY-TAX -POINTS YOU SHOULD KNOW

Posted: 09 Feb 2011 08:57 AM PST

There is General Perception to taxpayers that All premiums paid for Life Insurance is eligible for deduction under 80C subject to overall Limit of 1.00 Lacs .Further They also think that all sums received from Insurance Company against Life insurance Policy is exempted under section 10(10D). This reason behind it is that on every Insurance Policy or premium receipt ,this wording is printed that...

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