Updated Mar 16, 2021 | 11:54 IST
The last date for making tax-saving investments for the financial year 2020-21 is March 31. This is your last chance to maximise tax benefits under various sections NPS vs ULIP vs ELSS vs others: Tax saving instruments available under section 80C | Photo Credit: BCCL
New Delhi: You have heard enough mention of it, especially around this time of the year, ie. the tax-saving season. Section 80C is perhaps the most frequently used route for saving income tax. A number of deductions are available u/s 80C. Such deductions can be claimed only if the taxpayer decides to go for the old or existing personal income tax regime in a specific financial year.
Given the skewed finances of the central government owing to the COVID-19 pandemic, there is no elbow room at all to provide any relief to the common taxpayer