I am a house wife. My husband is paying Insurance to ICICI prudential from his income Does he get hold of any nouns?
Exemption under which chapter please mention
criteria for exemtion
amount of exemption i the insurance is Rs.881 quarterly
Answers:
Yes he is even I am.
yes, he will get it releif for this amount
Hello Roopa,
He would get exemption lower than 80C of the income tax act.
But it is dignified time you people wake up and increase the insurance coverage. With a 881 quaterly what is the amount of cover he will hold.
Speak to a Financial Planner and he may be able to give more inputs on equal. Source(s): http://www.fpsbindia.org
Hi roopa, your husband has taeken moral decision by taking ICICI PRUDENTIAL POLICY. This company has given excellent return to the claints. Basically you can use the insurance instrument for protection planning, investment planning and emergency planning. Any how you will catch tax relief beneath section 80 c and 80ccc (pension plans), 80 d (Health plans) and all payouts through the insurance are duty free under section 10 (10 d).
yes any personcan avail exampation on wife's policy even she hold income or even she is tax payer
your husband is eligible for levy exemption (rs881X4)under sec80(c) / sec10(10)D of income tax.
if he is a salaried person,ask him inform nearly insurance details to his employeralong with a copy of premium payment, earlier feb / mar to get deduction.
Yes the insurance premium paid to any insurance company approved by IRDA within India is eligible u/s80c upto Rs.1,00,000 for the financial year 2006-07
good luck
pnkmurthy(a)yahoo.com Source(s): http://www.geocities.com/pnkmurthy/lic.h…
Related Questions:
criteria for exemtion
amount of exemption i the insurance is Rs.881 quarterly
Answers:
Yes he is even I am.
yes, he will get it releif for this amount
Hello Roopa,
He would get exemption lower than 80C of the income tax act.
But it is dignified time you people wake up and increase the insurance coverage. With a 881 quaterly what is the amount of cover he will hold.
Speak to a Financial Planner and he may be able to give more inputs on equal. Source(s): http://www.fpsbindia.org
Hi roopa, your husband has taeken moral decision by taking ICICI PRUDENTIAL POLICY. This company has given excellent return to the claints. Basically you can use the insurance instrument for protection planning, investment planning and emergency planning. Any how you will catch tax relief beneath section 80 c and 80ccc (pension plans), 80 d (Health plans) and all payouts through the insurance are duty free under section 10 (10 d).
yes any personcan avail exampation on wife's policy even she hold income or even she is tax payer
your husband is eligible for levy exemption (rs881X4)under sec80(c) / sec10(10)D of income tax.
if he is a salaried person,ask him inform nearly insurance details to his employeralong with a copy of premium payment, earlier feb / mar to get deduction.
Yes the insurance premium paid to any insurance company approved by IRDA within India is eligible u/s80c upto Rs.1,00,000 for the financial year 2006-07
good luck
pnkmurthy(a)yahoo.com Source(s): http://www.geocities.com/pnkmurthy/lic.h…
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