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How section 80C of the Income-tax Act can help you save tax

Tax-saving guide: In order to claim the section 80C deduction, a taxpayer must invest the specified amount in eligible investment instruments or spend it on designated expenses within the same financial year. ....

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Tax saving: How section 80C of the Income-tax Act works


Synopsis
Deduction under section 80C of the Income-tax Act, 1961 can reduce up to Rs 1.5 lakh from the gross total income in a financial year. Here is how this section works and can help you save tax in a financial year.
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Eligible investment instruments include Employees Provident Fund (EPF), Public Provident Fund (PPF) etc.
One of the most common deductions available under the Income-tax Act, 1961 is section 80C.
The deduction under this section can be claimed only if an individual opts for the old/existing tax regime in a financial year. On the other hand, if an individual opts for the new concessional tax regime, then the individual will not be able to claim deduction under this section. ....

National Pension System , National Savings Certificate , Employee Provident Fund , Public Provident Fund , Income Tax Act , Sukanya Samriddhi Savings Scheme , Senior Citizen Savings Scheme , Income Tax Saving , Section 80c , Tax Saving , Income Tax , தேசிய ஓய்வூதியம் அமைப்பு , தேசிய சேமிப்பு சிஇஆர்டிஐஎஃப்ஐசிஏடிஇ , ஊழியர் வருங்கால நிதி , பொது வருங்கால நிதி , வருமானம் வரி நாடகம் , சுகன்யா சாமிரிட்தி சேமிப்பு திட்டம் , மூத்தவர் குடிமகன் சேமிப்பு திட்டம் , வருமானம் வரி சேமித்தல் , வரி சேமித்தல் , வருமானம் வரி ,