Deduction u/s 80C - Basic premium or total premium

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....eduction u/s 80C - Basic premium or total premium<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 26-5-2009 Last Reply Date:- 29-5-2009 Income Tax<br>Got 2 Replies<br>Income Tax<br>Whether deduc....

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....tion u/s 80C will be allowed on Basic premium or on total premium (including service tax) Reply By Mukesh Kumar: The Reply: It should be allowed on total premium. Section 80C does not require to bifu....

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....rcate the amount into basic amount and taxes applicable thereupon. Reply By BARUN BASU: The Reply: Q :Whether deduction u/s 80C will be allowed on Basic premium or on total premium (including servic....

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....e tax) Ans: Certainly it is on the total amt. includint service tax<br> Discussion Forum - Knowledge Sharing ....