July 14, 2020
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Tax Saving Investments other than 80C

Section 80c gives you ways to deduct your gross income up to lakh. Best tax saving options under Section 80c are NSC, PPF, Sukanya samriddhi yojna, NPS, ULIP, ELSS etc. 4/18/ · Senior Citizens Savings Scheme (SCSS) The senior citizen saving scheme is for individuals over 60 years of age or anyone who is over 55 years and has opted for retirement. You can save tax up to Rs. Lacs under section 80C from SCSS. The scheme gives you returns of % p.a. and matures in 5 years. The principal of the home loan can be claimed as deduction under section 80C of income tax. The interest of the home loan can be claimed under section 24 and section 80EE of the income tax. Sukanya Samriddhi Yojana (SSY) Account. In this investment option, the account can be opened on the behalf of your minor daughter till the age of

Tax Saving Options Other than 80C: Tax Exemptions Other than 80C
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9/3/ · 3 Best Tax Saving Options Under Section 80C by Karan 1 Comments A lot of times, humans look at where their colleagues and friends have invested to save tax . 2/11/ · 1) Tax saving with NPS under Section 80CCD (1B): Taxpayers can save additional tax by investing up to ₹ 50, in NPS. This is over and above the benefit, they can claim on contributions under Section 80c. They also have the option of utilizing NPS for the ₹ lakh limit of Section 80c. Section 80C is the most well-known provision of the Income Tax Act of , under which rebate of up to Rs. Lakh is granted on several loan products and other investment tools. However, you should also be aware of numerous other instruments aiming to reduce your taxable income.

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Given an option, most of the citizens wouldn’t wish to pay income tax. But, it’s all their moral duty, they have to. As a citizen of India, it’s our core. 4/18/ · Senior Citizens Savings Scheme (SCSS) The senior citizen saving scheme is for individuals over 60 years of age or anyone who is over 55 years and has opted for retirement. You can save tax up to Rs. Lacs under section 80C from SCSS. The scheme gives you returns of % p.a. and matures in 5 years. Section 80c gives you ways to deduct your gross income up to lakh. Best tax saving options under Section 80c are NSC, PPF, Sukanya samriddhi yojna, NPS, ULIP, ELSS etc.

Best Tax Saving Options Under Section 80C - Invested
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Other Investment Options under Sec 80C

9/3/ · 3 Best Tax Saving Options Under Section 80C by Karan 1 Comments A lot of times, humans look at where their colleagues and friends have invested to save tax . 4/18/ · Senior Citizens Savings Scheme (SCSS) The senior citizen saving scheme is for individuals over 60 years of age or anyone who is over 55 years and has opted for retirement. You can save tax up to Rs. Lacs under section 80C from SCSS. The scheme gives you returns of % p.a. and matures in 5 years. 2/11/ · 1) Tax saving with NPS under Section 80CCD (1B): Taxpayers can save additional tax by investing up to ₹ 50, in NPS. This is over and above the benefit, they can claim on contributions under Section 80c. They also have the option of utilizing NPS for the ₹ lakh limit of Section 80c.

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Payments for saving taxes under Sec 80C

Section 80c gives you ways to deduct your gross income up to lakh. Best tax saving options under Section 80c are NSC, PPF, Sukanya samriddhi yojna, NPS, ULIP, ELSS etc. Here we discuss the 6 Best Tax Saving Investments option and also know the reason to be on the top 6 under Section 80C. 6 Best Tax Saving Investments Under Section 80C Equity Linked Savings Scheme. Section 80 C: Best Tax Saving Investment option under Sec 80C Section 80C:Investment in ELSS Fund or Tax Saving Mutual Fund is considered as the best tax saving option. These funds are specially designed to give you dual benefit of saving taxes and getting higher returns on investment.