Section 80C deduction: Jeevan Akshay VII designated as qualifying annuity plan for assessment year and subsequent years. The Government specifies the Jeevan Akshay VII annuity plan, as filed with the regulator, as qualifying under the statutory provision for tax deduction; this specification applies from the assessment year stated in the notification and for subsequent years, making contributions under the named annuity plan eligible for the deduction subject to the provision's conditions.