| Discussions Forum | ||
Home  Forum Income Tax This
|
||
| A Public Forum. Anyone can participate to share knowledge. |
||
|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||
Submit new Issue / Query |
||
Life insurance cover for home loan comes under 80C ?, Income Tax |
||
|
||
Life insurance cover for home loan comes under 80C ? |
||
Dear All, I took a home loan from HDFC bank for Rs.1250000/- for that i have covered life insurance under HDFC Life cover for home loan protection plan and paid Total premium Rs.44600/- for 12 years along with home loan. So total sum assured is Rs.1294600/- . Whether i can get IT benefit under SEC. 80C for this premium paid amount of Rs. 44600/-. it the one time premium paid and there is no return benefit. Kindly give ur valuable feedback. Thanks. Venkat Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
To my view, it is deductible if it qualified the conditions of life insurance policy as the premium is less than 10 percent of the sum assured. Page: 1 Old Query - New Comments are closed. |
||
