InvestmentYogi » Personal Finance Topics » Taxes » LIC annuity as part of taxable income

LIC annuity as part of taxable income

Last post 07-14-2010 1:31 AM by chandu1928. 1 replies.
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  • 07-14-2010 12:57 AM

    • Siddhan
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    • Joined on 07-14-2010
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    • Points 20

    LIC annuity as part of taxable income

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    How do I consider LIC annuity paid to be
    • Post Points: 20

  • 07-14-2010 1:31 AM In reply to

    Re: LIC annuity as part of taxable income

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     Lic annuity paid can be allowed as deduction under section 80C provided this particular premium must be paid on self,spouse,child 

     amount of deduction = 20 % of sum assured 

    • Post Points: 5
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