Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Special Frontier Force Group Insurance Scheme Contributions Now Qualify for Tax Relief u/s 80C of Income-tax Act.</h1> The Cabinet Secretariat introduced the Special Frontier Force Group Insurance Scheme on January 1, 1980, for employee welfare, providing insurance cover for families in case of death during service and a lump sum on retirement or discharge. A query arose regarding the eligibility of contributions to this scheme for tax relief under section 80C(2)(a)(i) of the Income-tax Act, 1961. It has been decided that employee contributions will be considered as insurance premiums, qualifying for relief under section 80C, subject to conditions in section 80C(4). This information should be communicated to all relevant officers.