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of <h1>Section 80C: Full Deduction for Policy A Premium, Partial Deduction for Policy B; Policy B Maturity Not Tax-Exempt.</h1> An individual paid a premium of 25,000 for Policy A and 12,000 for Policy B. Under Section 80C, the deduction for Policy A is fully allowed as the premium is below the ceiling limit of 40,000. For Policy B, only 10,000 qualifies for deduction since the premium exceeds the ceiling limit of 10,000. Additionally, the maturity amount from Policy B will not be tax-exempt.
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