Tax relief for insurance premiums: Army Group Insurance Scheme contributions qualify under section 80C subject to statutory limits. Contributions by Army personnel to the Army Group Insurance Fund are to be treated as insurance premiums and qualify for relief under Section 80C(2)(a)(i) of the Income-tax Act, subject to the limitations prescribed by Section 80C(4).
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Provisions expressly mentioned in the judgment/order text.
Tax relief for insurance premiums: Army Group Insurance Scheme contributions qualify under section 80C subject to statutory limits.
Contributions by Army personnel to the Army Group Insurance Fund are to be treated as insurance premiums and qualify for relief under Section 80C(2)(a)(i) of the Income-tax Act, subject to the limitations prescribed by Section 80C(4).
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