Can Husband get tax exemption from his Wife’s LIC saving ?

POSTED BY preetish ON March 6, 2014 8:52 am ONE COMMENT

Sir gud evng. can husband get tax exemption from his wifes lic saving… plsase give clear idea abut this. thank u

One reply on this article “Can Husband get tax exemption from his Wife’s LIC saving ?”

  1. ashalanshu says:

    Dear Preetish, if you as husband, pays prem. for the life insurance policy for your wife, you can claim the same in your section 80C’s 1L Rs. saving amount. Reverse is also possible. Your wife can claim tax benefit by paying prem. for your policy.

    thanks

    Ashal

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