Re: No more tax rebate on LIC premium!
But tax exemptions are most important to me now. I do not want to give 1/4th of my salary to the government on tax. Anyway, I just wanted to give the latest update. This has just been proposed, but not actually implemented as of now. So those people who are having insurance policies and give huge premiums need not worry. The rule stays the same as of last year. You will get 100% deductions on your taxable income.
So don't worry, be happy!
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