TDS applicable for life insurance

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..... TDS applicable for life insurance
Query (Issue) Started By: - Velayutham Panchatcharam Dated:- 19-12-2015 Last Reply Date:- 19-12-2015 Income Tax
Got 3 Replies
Income Tax
Insurance taken .....

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..... for father / mother / any dependent is eligible for deduction under section 80C as per new circular no.20/2015 dated 02-Dec-2015 Reply By MARIAPPAN GOVINDARAJAN: The Reply: Thank you for the informa .....

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..... tion. Reply By Ganeshan Kalyani: The Reply: The relevant phrase in the said notification refers as: Section 80C, entitles an employee to deductions for the whole of amounts paid or deposited in the .....

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..... current financial year in the following schemes, subject to a limit of ₹ 1,50,000/-: 'Payment of insurance premium to effect or to keep in force an insurance on the life of the individual .....

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..... , the spouse or any child of the individual.' In view of above, the queriest need to re-check the notification. Reply By Ganeshan Kalyani: The Reply: Sorry notification in my reply to be replac .....

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..... ed as 'Circular'.
Discussion Forum - Knowledge Sharing .....

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