Two Mutual Funds have launched pension schemes which have been notified by Government of India to provide tax benefit under section 80C of the IT Act, 1961.

This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.

Tax benefit under section 80C for pension plans launched by mutual funds, notified for income tax exemption in reply. Two mutual fund houses launched pension schemes that have been notified by the Government to confer a tax advantage under section 80C of the Income Tax Act, 1961, making contributions to these schemes eligible for the specified tax deduction; this was reported in a written parliamentary reply by the Minister of State for Finance.