Upto Rs. 33,990 saved on investment of
Rs. 1,00,000.
All the life insurance plans.
Sec. 80 CCC
Across all income slabs.
Upto Rs. 33,990 saved on Investment of
Rs.1,00,000.
All the pension plans.
Sec. 80 D*
Across all income slabs.
Upto Rs. 3,399 saved on Investment of
Rs. 10,000.
All the health insurance riders available with the conventional plans.
TOTAL SAVINGS POSSIBLE **
Rs. 37,389
Rs. 33,990 under Sec. 80C and under Sec. 80 CCC , Rs.3,399 under Sec. 80 D, calculated for a male with gross annual income
exceeding Rs. 10,00,000.
Sec. 10 (10)D
Under Sec. 10(10D), the benefits you receive are completely tax-free, subject to the conditions laid down therein.
* Applicable to premiums paid for Critical Illness Benefit, Accelerated Sum Assured and Waiver of Premium Benefit.
** These calculations are illustrative and based on our understanding of current tax legislations, which are subject to change.
Please contact your tax consultant for exact calculation of your tax liabilities.