Tax Deduction for payment of LIC Premium of Parents

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  1. Ranbir Singh

    Ranbir Singh New Member

    My father is in Govt Service and availed full benfit of u/s 80C
    My mother income is very less the taxable limit.

    I have made payment of LIC premium of both of them.
    Can i claim the benefit of this in my return as deduction u/s 80C
     
  2. V K Khanna

    V K Khanna Active Member

    LIC premium paid by you for your parents, is not eligible for deduction under Sec 80 C. You cannot claim tax relief for the same.
     
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