|Deductions under Chapter VI (sec 80C)|
|Deductions from gross income on Life Insurance premium paid.|
|Under Sec.80C of the Income Tax Act.
Premiums paid up to maximum of Rs.1,50,000 subject to maximum of 20% of Capital sum Assured under Traditional & Unit linked Plans.Under Sec.80CCC of the Income Tax Act.
Premiums paid up to maximum of Rs. 1,50,000 under pension plans. However, u/s.80 CCE, the aggregate amount of deduction under section 80C, section 80CCC, and section 80CCD shall not, in any case exceed one lakh rupees.
Under Sec.80DD of the Income Tax Act.
Under Sec.10(10D) of the Income Tax Act.