POSTED BY September 29, 2010 11:06 am COMMENTS (2)
ONHi,
What happens to the non-term insurance plans taken before 2012 (DTC effective year),
Will the premium paid to them is still eligible for tax exemption after 2012…?
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Thanks…
As per draft of DTC, the premium paid in ULIP after 2012 will be exempted under sec80c, but with the limit of Rs.50,000 p.a. This amount also includes child school fees & mediclaim premium.
Still, everything will be cleared in winter session or next budget.
Hope it will help you.
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