Web@capratikgujrathi2451Discussing about the List of Tax Saving Investments covered under section 80C of the Income Tax Act.#incometax #taxsaving #deductions WebVarious avenues, like PPF, EPF, term insurance, NPS, etc., could be claimed under section 80C. Below is the complete list: 1. Public Provident Fund 2. National Savings Certificate 3. National Pension Scheme 4. Employees’ Provident Fund 5. Tuition fees 6. Post Office tax-saving deposits 7. Five-year bank deposit 8. Life Insurance Premium 9.
Income Tax Deductions Under Section 80C in FY 2024-23 - Max …
WebFeb 15, 2024 · Section 80C includes mutual funds, insurance premium tax saver FDs, PPF and several other schemes. 80CCC governs contributions to specific policies which pay a … Web2 days ago · 7. Calculate Taxable Income. The NTI step involves accounting for all the eligible deductions under the Income Tax Act, such as those under Chapter VIA, to reduce taxable income. Deductions like 80C, 80D, and 80DDB are subtracted from gross income to calculate NTI. Procrastinating tax planning can lead to irreversible financial mistakes. how to say fire hydrant in spanish
Section 80C: All you need to know - Housing News
WebMar 24, 2024 · Section 80C is one of the most popular and favourite sections amongst taxpayers as it allows them to reduce taxable income by making tax-saving investments or incurring eligible expenses. It allows a maximum deduction of Rs 1.5 lakh every year from … Individual taxpayers can claim income tax exemption for children's education und… You can efile income tax return on your income from salary, house property, capit… The income tax department does not require submitting any document/receipt fo… Income tax on house property: On Owning a house one day – everybody dreams o… Web11 rows · Feb 25, 2024 · Here is the list of options you can use to avail tax benefits under Section 80C of Income ... WebFollowing are some of the 80C deduction options available as per the Income Tax Act, 1961: Life Insurance Premium Public Provident Fund (PPF) Employees’ Provident Fund (EPF) Equity Linked Savings Scheme (ELSS) Unit Linked Insurance Plan (ULIP) Tax Saver Fixed Deposits National Pension Scheme (NPS) Home Loan Principal Repayment how to say fired in spanish