The key tax provisions around claiming deduction under Sections 80C, 80CCC, 80CCD, 80CCF and 80CCG are discussed below, for taxpayer’s ready reference: The maximum tax deduction u/s 80C is capped at ...
Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...
Budget 2021: India’s economy will more than offset the deep contraction suffered in the current fiscal in FY22, with the GDP, in absolute term, crossing the level witnessed in FY20, the secretary said ...
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Tax Saving: This is how your tax is saved under section 80C, see all the details related to it
Tax Saving Section 80C Taxpayers can save up to Rs 1.5 lakh tax on their income (salary) under the old tax regime. If you ...
In a few months time, the accounts department of your organisation will seek proof of your income-tax saving investments under Section 80C and other deductions. PPF (public provident fund), ULIP (Unit ...
Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...
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