Avinash Kumar (Engineer) 06 January 2016

Tax benefit of pension plan

Hello Experts

I have invetsed 3 lakhs in Pension Plan for my father in this financial year, how can I claim it under tax reductions under which section.

Thanks and Regards

Avinash

Reply Follow

3 Replies

Manjaly 11 February 2016

Under Sec 80C of the Income Tax, total qualifying investments limit has been increased up to Rs.1.50 Lakh from the financial year 2014-15 (or AS 2015-16) onwards, before it was 1 Lack. There are various schemes which are also eligible for savings under Section 80 C.

amit gupta (Taxation Software Development ) 24 February 2016

The total investments limit has been increased upto INR 1.50 lakhs from the financial year 2014-15 onwards under Section 80ccc of the income tax department.

amit gupta (Taxation Software Development ) 24 February 2016

The total investments limit has been increased upto INR 1.50 lakhs from the financial year 2014-15 onwards under Section 80ccc of the income tax department.