Need A Financial Product Forums Tax Savings Can I claim tax benefit for my wife’s insurance premium

This topic contains 1 reply, has 2 voices, and was last updated by  Harinder Singh 2 years, 6 months ago.

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  • #46715

    I pay Rs. 10,000 annual premium for my wife’s LIC. Can I claim the premium payment for her as my savings for income tax purpose? Please guide me

    #46716

    If a husband pays premium for wife’s life insurance then he can definitely claim it under section 80 C. Similarly, if a wife pays premium for husband’s life insurance, then she can claim it as her savings for income tax purpose.

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