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<h1>Tax Relief Extended to Air Force & Navy Insurance Contributions u/s 80C of Income-tax Act, 1961.</h1> The circular addresses the eligibility for tax relief under section 80C of the Income-tax Act, 1961, concerning contributions to military insurance schemes. Initially, relief was applicable to the Army Group Insurance Scheme. The Board has now extended this relief to contributions made by Air Force and Navy personnel to their respective group insurance schemes. These contributions will be considered as insurance premiums and will qualify for tax relief, subject to the limitations outlined in section 80C(4) of the Income-tax Act, 1961.