Deduction for annuity policies is additionally available
Any amount drawn by way of lump sum or as annuities will be taxable on the date on which they are drawn. You have indicated deduction under Sec. 80C in The Hindu dated December 28, 2009, for which there is a ceiling of Rs. 1 lakh.
EH – Financial Planning: Annuities : What Is an Annuity?
Related posts:
Comments on this entry are closed.