Understanding the nuances of tax deductions can be a daunting task for many. But many taxpayers in India make a popular choice—the tax deduction they avail is the 80C deduction. This section of ...
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Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax RegimePPF contribution is eligible for tax deductions under Section 80C of Income Tax Act, 1961. The maximum limit of investment is Rs 1.50 lakh per fiscal. The current interest rate is 7.1 per cent.
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Income Tax Season: Not just 80C, this Income Tax section can give you instant tax exemption- know how to take its advantage while filing ITRthe first impression that most of us have is to save tax through Section 80C of the Income Tax Act, 1961. The section offers tax exemption of up to Rs 1.50 lakh in a financial year. Contributions ...
Mutual funds are a versatile investment option, offering both wealth creation and tax-saving benefits. By selecting the right ...
Looking for some good tax-saving investment options? So check out these easy investment options to help reduce your tax ...
When it comes to tax planning, people often know about deductions under sections 80C and 80D of the Income Tax Act. These allow ... lesser-known options. Under Section 24(b), taxpayers can claim ...
plus deposits up to Rs 1.50 lakh in a financial year provide tax benefits under Section 80C of the Income Tax Act, 1961. Know ...
Section 80C of the Income Tax Act of India is a clause that highlights various investments and expenditures that are exempted from Income Tax 7 things to know about Virtual ATMs: Money Today ...
such as those under sections 80C, 80D, 80DD, and 80G. The only exceptions are deductions under sections 80CCD(2), 80CCH, and 80JJAA, as specified in Section 115BAC of the Income Tax Act ...
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