Interested to Buy Any Domain ? << Click Here >> for more details...
My question is that if only 20% amount of lic is elgible in
one financial year for tax exemption, than one time
instalment in lic is elgible for tax exemption ?. for
suppose i invest 25000 Rs. only one time in lic.pls. tell
me it is elgible or not.
- 2 Answers
- 5004 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raj
My friend, the limit is 20% of Policy amount. If you invest
Rs.25000 in one time lic, its eligible for deduction
provided your sum assured is more than or equal to Rs.125000/-
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / amit kumar
See my friend exemption is only 20% for the complete
installment for the year but it cannot exceed Rs-12,000/
if the amount exceed this amount than exceeding amount is
not liable to reduce the tax liability
| Is This Answer Correct ? | 0 Yes | 2 No |
WHAT IS TCS & DIFFINATION
If A manpower supplier bills to a acompany for rs.100000 for pure labour supply what entry will be done in terms of reverse charges.
what is the exise limit in granite manufacturing
Which permit form(way bill ) will be used for CST billing from Haryana
What are TDS rates for the year 2007-08
can i adusted our vat credit in W.C.T. payable?
What are the exemptions from salary
10 Answers Influx Info Solutions,
Hi, I am a VAT/CST dealer in Pune. I had got a work contract with other AP state government. can i purchase material in AP state on 2% CST on issuing 'C' form and supply the same material to the AP state government on VAT /CST 5%. As the government departments are not issuing 'D' forms. please guide.
I am about to enroll for Oracle Apps Financial with Iapps in pune, (without the certification of Oracle, as it is very expensive). Looking for a suggestion on the same, Also, how far is this course wld be beneficial to a candidate of commerce background (BBA graduate and an MBA in Finance) Also, the opportunities lying ahead int his field. Thanks.
our manufacturing company, i have received different type of excise bill. for ex. abc invoice purchased oil 17966.88 qty @54.80 inducing excise duty 14% tn how separate rate n excise calculated
Who is exempted from registration and payment of tax under AP VAT ACT
Please tell me about TDS, VAT, CST, Service tax with latest rate?
17 Answers Ambica, Apollo Tyres, DELL, Empire, GI, GSNA, Idea, Indu Projects, Jai Enterprises, JMD Group, KK Bhansali, Marck Biosciences, National Genset Power Corporation, Pharmaceutical, Sangam Group, Satyam, Shipping Corporation of India, Shubham, Tech Mahindra, TVS, Vico, Vijay Industries,
Audit 
