Sentences with phrase «is eligible for tax»

The tax has always been a complicated issue, therefore to determine whether your specific policy is eligible for any tax deduction, it's better to discuss with a tax professional.

Premiums paid is eligible for tax benefit under section 80C & Maturity / survival / surrender / death benefit can also avail tax benefit under section 10 (10D) of the Income Tax Act.

However, if you are very particular about accounts, then the deduction of Rs. 510 is eligible for a tax benefit under Section 80C of the Income Tax Act.

This policy provides tax benefits for premiums paid under section 80C & the benefits received is eligible for tax benefits under section 10 (10D) of the Income Tax Act, 1961.

Premium paid under this policy is eligible for tax benefits under section 80C, Premium paid for Critical Illness Rider under section 80D, & surrender / maturity / death benefit can get tax benefits under section 10 (10D) of the IT Act, 1961.

Premiums payable under this plan can avail tax benefit under section 80C of the Income Tax Act and the policy proceeds is eligible for tax benefits under section 10 (10D) of the Income Tax Act, 1961.

The premiums paid under the policy is eligible for tax deduction under section 80C and the policy proceeds can avail tax exemption under section 10 (10D) of the Income Tax Act, subject to change in tax laws.

Premium paid under this plan is eligible for tax benefits under section 80C, policy proceeds under section 10 (10D) of Income Tax Act.

The premium payment for the plan is eligible for tax benefits under section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Premium paid under this policy is eligible for tax benefits under section 80C & vesting benefit as applicable under section 10 (10A)(iii) of the Income Tax Act, 1961.

Premiums paid for this policy is eligible for tax benefits under section 80C and Death / Maturity / Survival / Surrender benefit can avail tax benefits under section 10 (10D) of the Income Tax Act, subject to prevailing tax laws.

Premiums paid for this policy is eligible for tax benefits under section 80C, Maturity proceeds can avail tax benefits under section 10 (10D), premium paid towards critical illness rider is eligible for tax benefits under section section 80 D of the Income Tax Act, subject to prevailing tax laws.

Premiums paid under this policy is eligible for tax benefits under section 80C and the policy proceeds can avail tax benefits under section 10 (10D) of the Income Tax Act, 1961.

Premiums paid is eligible for tax benefits as per Section 80C and the death / maturity benefit qualify for tax benefits under section 10 (10D) of the Income Tax Act.

You can avail tax benefits for premiums paid under section 80C & the benefits received is eligible for tax benefits under section 10 (10D) of the Income Tax Act, 1961.

Premiums paid under this policy and riders opted is eligible for tax benefits.

Under this plan, the premium payment is eligible for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled to the tax exemptions as per Section 10 (10D) of the Income Tax Act.

As per Section 80C of the Income Tax Act, 1961, premium made towards term insurance policies is eligible for tax benefits up to INR 1.5 lakh per annum.

After all, the premium paid to keep life insurance plans in force is eligible for tax benefits under Section 80C of the Income Tax Act.

The premium paid is eligible for tax deduction u / s 80C of income tax act.

Hi Vijay, An insurance receipt amount is eligible for tax exemption.

The annual premium amount (including, applicable taxes, cess, and other charges) for a unit linked policy is eligible for tax deduction under section 80C of the Income Tax Act, 1961.

Premiums paid for this policy is eligible for tax benefits under section 80C and Death / Maturity / Surrender benefit can avail tax benefits under section 10 (10D) of the Income Tax Act, subject to prevailing tax laws.

The premium payment under the plan is eligible for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

You can check if your pay - out is eligible for tax benefit as per the prevailing income tax laws.

An individual who pays premium on term insurance policies is eligible for tax deduction u / s 80C of the IT Act, 1961; death benefits are exempt u / s 10 (10d) of IT Act, 1961; and premium paid on critical illness riders is eligible for tax benefit u / s 80D of IT Act, 1961.

It not only covers all the medical expenses in the hour of need, but also helps you to save on taxes as the premium paid towards health insurance policy is eligible for tax exemption under section 80C.

Premium paid in a child insurance plan is eligible for tax deduction under Section 80 C while the income from the plan is tax free under Section 10 (10D).

Children Tuition Fees — Tuition fees paid for education of two children is eligible for tax deduction up to Rs. 1,50,000 for full time courses.

The premium paid for insurance of male children up to 25 years of age is eligible for tax deduction, provided that he is unemployed and a bona fide student.

Irrespective of the type of provident fund, the contribution made towards this fund is eligible for tax deduction under section 80C of Income Tax Act, 1961.

The amount invested in Fixed Deposit with a tenure of 5 years with ICICI Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

Under section 80, an individual taxpayer is eligible for tax deductions up to Rs. 1,50,000.

The amount invested in Fixed Deposit with a tenure of 5 years with HDFC Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

This ICICI term insurance plan is eligible for tax benefits where the premiums paid and claims received attract tax exemption.

In case, the life insurance policy is purchased after 1st April 2012 in the name of self / child / spouse, then the premium paid towards life insurance policy is eligible for the tax benefit of up to 10 % of the sum assured.

Repayment of Home Loan — Repayment of the principal of loan taken to buy or construct residential property is eligible for tax deductions

The amount invested in Fixed Deposit with a tenure of 5 years with Indian Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

The amount invested in Fixed Deposit with a tenure of 5 years with Punjab National Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

But, it is important to note that not all fixed deposit investment is eligible for tax deduction.

The amount invested in Fixed Deposit with a tenure of 5 years with RBL Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

Currently, an employee's contribution towards the National Pension Scheme is eligible for a tax exemption on 40 % of the total amount payable to him / her on the closing of the account or while opting out.

Further, investment in ULIP pension plans under section 80 (C) of Income tax Act is eligible for tax deduction.

The amount invested in Fixed Deposit with a tenure of 5 years with Vijaya Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

There is a common misconception among investors, that the entire premium is eligible for tax deduction.

Premiums paid towards a life insurance policy is eligible for tax deductions under Section 80C with a limit of 1 lakh in a financial year.

We all know the annual premium amount for life insurance policy is eligible for tax deduction under Section 80C.

Under Section 80D of the Income Tax Act, 1961, the premium paid for mediclaim is eligible for tax deduction.

The amount invested in Fixed Deposit with a tenure of 5 years with Indusind Bankk is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

Amount paid towards premium may be treated as business expenses and is eligible for tax benefit