In case of an employee having salary income has taken a group insurance poliy as per the terms of employment and has paid and amount exceeding Rs. 15,000/- as premium on such policy which covers self and both parents, whether such person can claim the excess amount paid by him as deduction under the said section?
Further, having gone through the section, it does restrict from claiming of such deduction as well as does not make an express disallowance of such dedutions as it does not talk about segregation of such group policies between self and dependents.