Under which section Of Income tax Act rebate is allowed for investing in LIC Market plus- I?

Question

is it a pension plan or ULIP

Answer 1

It is allowed under section 80C of IT act 1961.

Before investing be careful and get cleared if it is a plan of Saving tax.

For details of LIC plans - Savings Tax do click

http://calculatetax.blogspot.com/

http://taxation-suchithra.blogspot.com/

Answer 2

For details of 80C, 80CCC read

http://mytaxes.in/index.php?topic=24.0

Answer 3

The LIC Market plus-I is the ULIP plan but some advisors present the scheme as the pension plan in their self made brochures. so be carefully while investing.

The LIC Market plus-I is comes under  80C section of Income tax Act rebate.

If you submit your return yourself than for your knowledge the 80C sections comes under CHAPTER VIA

Hope you are satisfied with my answer and select it as the best answer.