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Suppose Mr. has paid premium of 25000 for policy A taken on 30th June 2011 (sum assured 200000) and 12000 for policy B taken on 1st August 2013 (sum assured 100000). 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 20% = 40,000 Since premium paid is less than 40,000 (i.e. 25,000), whole amount q .....

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