Mr. Anand engaged in business wants to deposit in pension fund of Life Insurance Corporation of India. The maximum amount of contribution eligible for deduction from Gross total income is:
A. ₹ 10,000
B. ₹ 50,000
C. ₹ 1,00,000
D. ₹ 1,50,000
Answer:D
Mr. Anand engaged in business wants to deposit in pension fund of Life Insurance Corporation of India. The maximum amount of contribution eligible for deduction from Gross total income is:
A. ₹ 10,000 B. ₹ 50,000 C. ₹ 1,00,000 D. ₹ 1,50,000