In our last article we have discussed about Pradhan Mantri Suraksha Bima Yojan, accidental death and disability coverage @ Rs 12 per year. In this article we will let you know about Pradhan Mantri Jeevan Jyoti Bima Yojana, life insurance coverage of Rs 2 laksh by paying Rs 330 per year Pradhan Mantri Jeevan Jyoti Bima Yojana or PMJJBY offers life insurance coverage of Rs.2 … [Read more...] about Pradhan Mantri Jeevan Jyoti Bima Yojana – Life insurance coverage of Rs 2 Lakhs @ 330 per year
life insurance premium
Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 per year
Prime Minister Narendra Modi has launched three schemes for the benefits of Indians. All saving bank account holders must have received SMS from their bank to enroll for the schemes. Here are these three schemes; Pradhan Mantri Suraksha Bima Yojana (PMSBY) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Atal Pension Yojana (APY) Pradhan Mantri Suraksha Bima … [Read more...] about Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 per year
Life Insurance Premium – Income Tax Deduction u/s 80C of Income Tax Act
Many people in India invest in a Life insurance with a view to save tax as the policy holder can claim up a maximum of Rs. 1, 00,000 as tax deduction from his taxable income under section 80C of Income tax act, 1961. Deduction for life insurance is applicable only when the policy holder has paid or deposited the premium during the previous year for which he is claiming the … [Read more...] about Life Insurance Premium – Income Tax Deduction u/s 80C of Income Tax Act
Tax eligibility in the case of insurance premium paid for Parents
Income Tax Deduction for life insurance premium is available under section 80C of IT Act, 1961. Under this section premium paid to ensure your life, life of your spouse and any of your child is eligible for income tax deduction up to a maximum of Rs. 1, 00, 000. As no specific deduction is available for parents under section 80C, the taxpayer will not be eligible for income … [Read more...] about Tax eligibility in the case of insurance premium paid for Parents