How Much Investment Can Be Done To Save Tax
How Much Investment Can Be Done To Save Tax. How section 80c helps in meeting financial goals : The balance amount of ltcg (after investing in new property), if any, is taxable at 20%.
1.5 lakhs in these deposits and earn an attractive interest while saving on income tax for that year. The maximum tax exemption allowed under section 80c is not changed and is retained to rs.1.5 lakh. However, this is not correct.
Employee Provident Fund (Epf) Public Provident Fund (Ppf) National Savings Certificates (Nsc)
You can claim deductions of up to rs. Tax saving options section 80c: If you fall into the highest tax bracket of 30 per cent, you can save tax up to rs.
Nscs Can Be Pledged With Banks For Taking Loans.
You are free to invest any amount, but investments only up to rs. Even though you can claim tax deductions for. 2,50,000 (for men), or between rs.
Different Investment Options That Can Be Claimed For Tax Deduction Under Section 80C Are:
Here the investments and expenses you make as an individual or on behalf of a hindu undivided family (huf) are taken into consideration. 7,800, rs 31,200 and rs 46,800 respectively. How much tax is saved:
Section 80C Of Income Tax Act Allows An Individual To Or A Hindu Undivided Family (Huf) To Invest In Tax Saving Instruments To Reduce The Income Tax Liability.
In such case, an employee is eligible to claim additional rs 50,000 tax benefits over and above 80c. The earnings are 6.8% p.a. How section 80c helps in meeting financial goals :
1.5 Lac Helps You In Tax Deductions.
1.5 lakh in a financial year. Employees in the 20% tax bracket can make a saving of over rs.10,000, while those in the 10% can make a saving of rs.5,000. The maximum tax exemption allowed under section 80c is not changed and is retained to rs.1.5 lakh.
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