A natural person who has procured life insurance and paid premium amount thereon shall be entitled to a reduction of actual annual insurance premium or Rs.25, 000 whichever is lower from taxable income.
Further, a natural person who has insured with resident insurer/insurance company for health insurance shall be entitled to a reduction of actual premium paid or Rs. 20, 000 whichever is lower.
Viewing 1 reply thread
You must be logged in to reply to this topic.