Annuity plan designation: Tata AIG Easy Retire approved for tax deduction under section 80C(2)(xii) effective on publication. Central Government specifies the annuity plan recognised for deduction under clause (xii) of sub section (2) of section 80C of the Income tax Act as the Tata AIG Easy Retire Annuity Plan of Tata AIG Life Insurance Company Limited, approved by the Insurance Regulatory and Development Authority by letter dated 23 November 2007; the notification takes effect from its publication in the Official Gazette and a corrigendum corrects an earlier misreference to a different insurer.