India - Income Tax Act 2010 - Saarc

1.383 CH. VI-A - DEDUCTIONS IN RESPECT OF CERTAIN PAYMENTS S. 80Ca deferred annuity or making provision for his spouse or children, inso far as the sum so deducted does not exceed one-fifth of the salary;(iv) as a contribution by an individual to any provident fund to which theProvident Funds Act, 1925 (19 of 1925) applies;(v) as a contribution to any provident fund set up by the CentralGovernment and notified 14 by it in this behalf in the Official Gazette,where such contribution is to an account standing in the name of anyperson specified in sub-section (4);(vi) as a contribution by an employee to a recognised provident fund;(vii) as a contribution by an employee to an approved superannuationfund;(viii) as subscription to any such security of the Central Government or anysuch deposit scheme as that Government may, by notification in theOfficial Gazette, specify in this behalf;(ix) as subscription to any such savings certificate as defined in clause (c)of section 2 15 of the Government Savings Certificates Act, 1959 (46 of1959), as the Central Government may, by notification 16 in the OfficialGazette, specify in this behalf;(x) as a contribution, in the name of any person specified in sub-section(4), for participation in the Unit-linked Insurance Plan, 1971 (hereafterin this section referred to as the Unit-linked Insurance Plan) specifiedin Schedule II of the Unit Trust of India (Transfer of Undertaking andRepeal) Act, 2002 (58 of 2002);(xi) as a contribution in the name of any person specified in sub-section(4) for participation in any such unit-linked insurance plan of the LICMutual Fund 17 [referred to in] clause (23D) of section 10, as theCentral Government may, by notification 18 in the Official Gazette,specify in this behalf;(xii) to effect or to keep in force a contract for such annuity plan of the LifeInsurance Corporation or any other insurer as the Central Governmentmay, by notification 19 in the Official Gazette, specify;(xiii) as subscription to any units of any Mutual Fund 20 [referred to in]clause (23D) of section 10 or from the Administrator or the specifiedcompany under any plan formulated in accordance with such schemeas the Central Government may, by notification 21 in the OfficialGazette, specify in this behalf;14. For notified Public Provident Fund, see Taxmann’s Master Guide to Income-tax Act.15. For definition of “savings certificate” as defined in section 2(c) of the Government SavingsCertificates Act, 1959, see Appendix.16. For notified Savings Certificates, see Taxmann’s Master Guide to Income-tax Act.17. Substituted for “notified under” by the Finance Act, 2006, w.e.f. 1-4-2007.18. For notified Unit Linked Insurance Plan of LIC Mutual Fund, see Taxmann’s Master Guideto Income-tax Act.19. For notified annuity plans of LIC, see Taxmann’s Master Guide to Income-tax Act.20. Substituted for “notified under” by the Finance Act, 2006, w.e.f. 1-4-2007.21. For Equity Linked Savings Scheme, 2005, see Taxmann’s Income-tax Rules.