The investment under 5-year deposit account qualifies for the benefit of section 80C of Income Tax Act, 1961. This offers 7.5 percent interest per annum which is higher than what most fixed ...

Another key benefit is under Section 80C, which permits deductions of up to Rs 1.5 lakh annually. Let's look at some of the savings schemes that offer tax benefits under Section 80C.

As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options ...

The last date for making tax-saving investments to avail deductions of up to Rs 1.5 lakh under Section 80C is March 31. These breaks are available only under the old regime, which will cede ...

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Anyone can open a PPF account at a bank or post office, and enjoy guaranteed returns along with tax benefits under Section 80C of the Income Tax Act. Image source: Pixabay/Representational The Public ...

However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Taking a joint home loan is a common practice among individuals looking to purchase a property. This approach not only helps in sharing the financial burden but also offers significant tax benefits ...

Overview: Section 80C of the Income Tax Act in India allows individual taxpayers and Hindu Undivided Families (HUFs) to deduct certain investments and expenses from their taxable income. This section ...

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Notification, Judiciary related to Deduction Under Section 80C of Income Tax Act, 1961 at one place. Income Tax: Learn how to save tax under the new tax regime with standard deduction, employer NPS ...