Tax Benefit on Term Insurance

POSTED BY Atin Sehgal ON January 6, 2013 1:10 pm ONE COMMENT

Hi!

I would like to know about tax benefit in case:

My father pays a premium of Term Isurance for his earning son (Me)

Will he be eligible for claiming this under 80C while filing his return.

Thanks and Regards

One reply on this article “Tax Benefit on Term Insurance”

  1. Free Financial Calculators says:
    January 6, 2013 at 1:54 pm

    Yes. It does not matter whether you are dependent on him or not
    See

    http://taxworry.com/tax-deductions-for-life-insurance-premium-on-non-dependent-son-allowed/

    Reply

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