News From Press Budget 2020: Life insurance sector expects higher 80C limit, additional tax deduction for pension plans

Budget 2020: Life insurance sector expects higher 80C limit, additional tax deduction for pension plans

Life Insurance Council has proposed additional tax deductions of Rs 50,000 over and above the 80C limit on investments made in pension plans of life insurance companies.

Financial Express Jan 23, 2020

Union Budget India: In it’s list of expectations from the Union Budget 2020 that the Life Insurance Council has shared with Finance Minister Nirmala Sitharaman, the Council has proposed additional tax deductions of Rs 50,000 over and above the 80C limit on investments made in pension plans of life insurance companies in the line of National Pension System (NPS).

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