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exemption on Insurance premia payment
by s madhavan on Jun 20, 2007 09:36 AM   Permalink | Hide replies

I want to know whether the life insurance premia on endownment/moneyback policy qualifies for 100% exemption.

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  RE:exemption on Insurance premia payment
by Amitabh on Jun 21, 2007 09:53 AM   Permalink
It qualifies under Sec 80C within the overall limit of Rs 1 lac.

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The above message is part of the Discussion Board:
All these incomes are tax-free