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 … Read More » "Tax eligibility in the case of insurance premium paid for Parents"