One needs to take into account the amounts already eligible for deduction as above and can only make fresh investments for the balance deduction, if needed.
In a major relief for India s working class, the Employees Provident Fund Organisation (EPFO) has decided to keep interest rates on Provident Fund deposits for the financial year 2020-21 unchanged at 8.5 per cent.
In a major relief for India s working class, the Employees Provident Fund Organisation (EPFO) has decided to keep interest rates on Provident Fund deposits for the financial year 2020-21 unchanged at 8.5 per cent.On Thursday, the Central Board .
Updated Feb 27, 2021 | 05:58 IST
Section 80C of the Income Tax Act includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year 5 tax saving schemes with guaranteed returns up to 7.6%
New Delhi: Tax planning is extremely important and the best time to start planning your tax-saving investments is at the beginning of the financial year. Most taxpayers procrastinate till the last quarter of the year, resulting in hurried decisions. Instead, if you plan at the start of the year, your investments can compound and help you achieve long-term goals. The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act.
5 tax-saving investments which offer guaranteed returns
If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns
Tax-saving deposits by banks come with a lock-in of five years
A little over a month is left to plan your tax-related investments under Section 80C for the financial year 2020-21. If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns. Most of these schemes are backed by the government.