The Central Government have approved Jeevan Akshay-VI Plan of the LIC - ALLCGNEWS

ALLCGNEWS

Central Government Employment News

Post Top Ad

19 May 2010

Home INCOME TAX The Central Government have approved Jeevan Akshay-VI Plan of the LIC

The Central Government have approved Jeevan Akshay-VI Plan of the LIC


   The Central Government have approved Jeevan Akshay-VI Plan of the Life  Insurance Corporation of India as an annuity plan eligible for deduction  under clause (xii) of sub-section (2) of section 80C of the Income Tax Act, 1961.

    Persons who have invested in this plan during the financial year 2007-08 or  subsequently (relevant assessment year being 2008-09 and subsequent  assessment years) will be eligible for deduction of the amount invested from  their total income chargeable to income tax. The benefit will, however, be limited to the overall ceiling of Rs.1,00,000 available for deductions under  section 80C.


SOURCE - PIB
Tags
Posted by at
TAGS

No comments:

Post a Comment

Feel free to drop your comments and suggestions

Subscribe to: Post Comments (Atom)

Disclaimer

The contents and information given in this blog are purely informative in nature and should not under any circumstances be taken as authority. Allcgnews blog may contain typographical errors in its contents. All efforts had been made to ensure accuracy of the content on this blog. The same should not be construed as a statement of law or used for any legal purposes. ALLCGNEWS accepts no responsibility in relation to the accuracy, completeness or otherwise, of the contents. Users are advised to verify/check any information with the relevant departments and to obtain any appropriate professional advice before acting on the information provided in the blog. We cannot guarantee the availability linked pages at all times.

Post Top Ad