Life Insurance Plans are very popular as a tool to get deduction u/s 80C
of the I T Act. 1. The investment in life insurance can be deducted up
to Rs 1,50,000. It a common perception
that Premium Paid all Life Insurance Policies qualifies for deduction
under section 80C of the Income Tax Act,1961 and full premium amount
qualifies for deduction under section 80C .
Apart from several other items provided under section 80C, a
taxpayer, being...
