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Suppose Mr. has paid premium of 25,000 for policy A taken on 30th June 2011 (sum assured 2,00,000) and 12,000 for policy B taken on 1st August 2013 (sum assured 1,00,000). Calculate the amount of deduction Mr. X can claim u/s 80C.

Dated:- 13-8-2015 - Chapter No. 06 - Deduction u/s 80C In case of Policy A ceiling limit for premium paid = 2,00,000 x 2 .....

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y B ceiling limit for premium paid = 1,00,000 x 10% = 10,000 Since premium paid is more than 10,000 (i.e. 12,000), only .....

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