GET INSURED!! TAKE INSURANCE POLICY

GET INSURED!! TAKE INSURANCE POLICY

IF YOU ARE THINKING OF SAVING TAX THEN YOU SHOULD TAKE AN LIFE INSURANCE POLICY,

ANY PREMIUM PAID BY ASSESSEE HIMSELF OR IN THE NAME OF HIS SPOUSE OR IN THE NAME OF HIS CHILDREN. HE CAN CLAIM DEDUCTION BUT SUBJECT TO MAXIMUM OF 20% OF CAPITAL SUM ASSURED IN AANY FINANCIAL YEAR. THE DEDUCTION IS ALLOWED UNDER SECTION 80C OF INCOME TAX ACT, 1961.

AN ASSESSEE CAN SAVE TAX UPTO Rs 36000 (assuming an assessee have more than Rs 5,00,000 and he is not claiming deduction under section 80c)

THIS DEDUCTION  CAN CLAIM ONLY BY INDIVIDUAL OR HUF.

FOR ANY QUERY FEEL FREE TO WRITE US AT!!

tytgroup@live.com


YOU MAY REFER
www.incometaxindia.gov.in