Premiums paid to insure your life or that of your spouse or children are eligible for deduction under Section 80C of the Income Tax Act. This is valid whether your child is dependent or independent, ...
Section 80C lowers your tax liability by a maximum of ₹1.5 lakh through instruments like PPF, ELSS, and life insurance premiums. But once that limit is reached, most taxpayers overlook other ...
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Tax savings: How rockstar Section 80C is the protagonist of Old Tax Regime; check all deductions
Tax-saving investments: Many taxpayers opt for the section 80C benefit as their preferred tax-saving avenue. Section 80C of the Income Tax Act of India exempts various expenses and investments from ...
It is the start of the new financial year from April 1. Since last year, it is mandatory to choose the appropriate tax regime that suits a particular investor. Most taxpayers, especially those with ...
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-can-you-invest-in-elss-under-section-80c-to-reduce-tax-liability/article65385609.ece Copy I ...
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