tax rebate

can i get rebate on late payment of premium means extra amount than premium.

asked Feb 13 '11 at 03:11 by subhash 1111


Deduction under Sec 80C is allowed only for the amount of premium paid and not on fine and other charges. So you won't be able to get exemption on late payment charges.

answered Feb 14 '11 at 05:27 by pankaj 5.2k320

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Asked: Feb 13 '11 at 03:11

Seen: 1,791 times

Last updated: Feb 14 '11 at 05:27