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        Income Tax

        Notified plans of LIC

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        Specified life insurance plans designated for tax deductions confirmed; deduction eligibility and existing limits and conditions remain unchanged. The Central Government has specified the Jeevan Dhara and Jeevan Akshay plans of the Life Insurance Corporation as eligible for the income tax deduction under clause (ii) of sub section (1) of section 80CCA, and the limits and conditions previously announced continue to apply unchanged.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Specified life insurance plans designated for tax deductions confirmed; deduction eligibility and existing limits and conditions remain unchanged.

                                The Central Government has specified the Jeevan Dhara and Jeevan Akshay plans of the Life Insurance Corporation as eligible for the income tax deduction under clause (ii) of sub section (1) of section 80CCA, and the limits and conditions previously announced continue to apply unchanged.


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