Section 80c

Photos »

  /  
News across the web »
Interact & exchange stock tips & market info »
Related News »
However, the sum assured as of now is typically restricted to five times the single premium so that the premium is eligible for tax deduction under section 80C. However, once the Finance Bill recommendations are implemented, this will need to change.
May 20, 2012 at 15:41 | Source: Livemint.com
The premium paid is entitled for deduction of tax under section 80C of the Income Tax Act, 1961. Under the Plan, in case of death of the insured person after 2 years of commencement of policy, sum insured will be paid to the beneficiary ...
May 22, 2012 at 17:19 | Source: equitybulls.com
Likely outcome: The new tax proposals in the Finance Bill have made it mandatory for insurance policies to have a sum assured of at least 10 times the premium paid in order to enjoy tax deduction under section 80C of the Income-tax Act and have tax-free ...
May 27, 2012 at 14:07 | Source: Livemint.com
As per the Finance Bill of 2012, the deduction from your income under Section 80C for premiums paid on life insurance policies issued on or after April 1, 2012, shall be available only to the extent of 10 per cent of the capital sum assured. Also Section ...
May 22, 2012 at 05:16 | Source: moneyguruindia.com
In order to avoid this feeling, and also to save and invest more money, go through the following little tips: Our website has a number of articles on how to save tax using Section 80C and other deductions, go through them and see which ones you can use.
May 15, 2012 at 09:42 | Source: MoneyControl.com
Tax benefits under section 80C, 80D and 10 (10D) of the Income Tax Act, 1961 are also applicable on the money paid as premiums for the term insurance plans. The term insurance plans also have the option of paying single or regular premium. In these plans ...
May 21, 2012 at 09:13 | Source: PR-USA.net
I have also invested Rs 1,00,000 in tax saving FD u/s 80c and Rs 20,000 in PFC bonds u/s 80ccF ... If the exemption is to be claimed please let me know under which section of the I-T Act it is exempted. — M. Ramaswamaiah Jewellery qualifies to be ...
May 19, 2012 at 15:06 | Source: Hindu Business Line