Contributions to family pension fund admissible for deduction under section 80C-Regarding - Income Tax - 194/1976

Contributions to family pension fund admissible for deduction under section 80C-Regarding Circular No. 194 Dated 25/3/1976 Subject: Contributions to family pension fund admissible for deduction under section 80C-Regarding. The question whether contributions to Family Pension Fund established by a scheme under the Employees' Provident Fund and Family Pension Fund Act, 1952, will be entitled to the relief under section 80C(2)(a)(ii) of the Income-tax Act, 1961, has been considered by the Board. 2. The provision contained in section 80C(2)(a)(ii) of the Income-tax Act, 1961, is wide enough to include the contributions made towards the Family Pension Fund established by a scheme under the Employees' Provident Fund and Family Pension Fund Act, 1952, for determining the aggregate of sums qualifying for deduction under section 80C(1) of the Income-tax Act, 1961. 3. Officers working in your charge may be apprised of this legal position.