Details available:
During the financial year Mr Kiran Bhargav earned salary income Rs.4,85,000 .
He has made investment in following:
- Life Insurance Premium – Rs.30,000 , sum assured is Rs.3,00,000
- Invested in Post Office Time Deposit for 5 years – Rs.20,000
- Invested in PPF – Rs.50,000
- Medical Insurance premium for Self – Rs.20,000 and Spouse – Rs.10,000
- Medical Insurance premium for Parent – Rs.30,000
- Donations made to political parties through cash – Rs.20,000
Income Tax Login Details for payment of Self-Assessment Tax:
- Username: AMLPE1659Q
- Password: Fin@123
In the above example what would be the deduction available u.s 80D
In case where the insurance premium paid by Mr. Kiran would be Rs.35000/-compute the deduction u/s 80C.
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