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

 
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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.

 
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Taxation Software Development

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.

 
Reply   
 
Taxation Software Development

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.

 
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