RAHUL RAJU (124 Points)
30 December 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3368 Points)
Replied 30 December 2021
Section 80CCC of the Income Tax Act of 1961 provides deductions of up to Rs. 1.5 lakhs per annum for contributions made by an individual towards specified pension funds that are offered by a life insurance. The deduction is within the limit of section 80C.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166394 Points)
Replied 30 December 2021
Uncommuted pension received regularly is taxable.
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