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of <h1>'Jeevan Dhara' and 'Jeevan Akshay' Plans Eligible for Tax Deductions u/s 80CCA of Income-tax Act.</h1> The Central Government has specified the 'Jeevan Dhara' and 'Jeevan Akshay' plans of the Life Insurance Corporation of India as eligible for deductions under clause (ii) of sub-section (1) of section 80CCA of the Income-tax Act. This clarification refers to a previous circular issued on June 16, 1988, and confirms that the limits and conditions outlined in that circular remain unchanged. These plans are recognized for tax deduction purposes, and this should be noted for compliance with the specified deductions.
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