WebFeb 18, 2024 · Section 80C is one of the most popular deductions that salaried individuals usually claim to save tax. A maximum deduction of Rs 1.5 lakh is available under Section 80C is one of the most popular deductions that salaried individuals usually claim to save tax. A maximum deduction of Rs 1.5 lakh is available under section 80C against specified … WebApr 11, 2024 · Utilize Section 80C deductions: Under Section 80C of the Income Tax Act, you can claim deductions of up to Rs. 1.5 lakh from your taxable income by investing in …
Section 80C - Income Tax Deduction Under Section 80C
WebJan 16, 2013 · The options saving under section 80C are as follows: Employee Provident Fund (EPF) & Voluntary Provident Fund (VPF) : Employee Provident Fund (EPF) is automatically deducted from salary. Both you and your employer contribute to it. Under the current norms, 12% of the employee’s salary is contributed towards EPF, which is exempt … Web1 day ago · This opportunity to start planning for tax saving. Here are some options to avoid over payment of taxes. Under our tax system, an annual income of Rs. 2.5 lakhs is entirely … check register sheets printable
Section 80C deduction - New income tax regime vs old tax regime …
Web10 hours ago · However, taxpayers lose the benefit of donating to charitable organizations or trusts under Section 80G of the Act. CA Kanan Bahl, a financial educator and growth … Web1 day ago · No deductions are available for income earned from FD for the general public On the other hand, senior citizens can claim a deduction under 80C on FD deposits and can … WebApr 11, 2024 · Utilize Section 80C deductions: Under Section 80C of the Income Tax Act, you can claim deductions of up to Rs. 1.5 lakh from your taxable income by investing in various options such as Public ... check register template google sheets