The maximum limit for the claim of deduction under salary head Contributions to certain pension funds of LIC or any other insurer is .
A)up to ` 2,00,000
B)up to ` 1,50,000
C)up to ` 1,75,000
D)none of the above

Question

Quizplus · Accepted Answer

The maximum limit for claiming a deduction under the salary head for contributions to certain pension funds of LIC or any other insurer is up to ₹1,50,000. This falls under Section 80CCC of the Income Tax Act, which is part of the overall limit of ₹1,50,000 available under Section 80C.

The Maximum Limit for the Claim of Deduction Under Salary