TAX SAVING INVESTMENT UNDER SECTION 80C

                                            Hello friends, as you all aware about the INCOME TAX and TDS and thinking about to save your tax so for that, today I am going to discuss how you can save tax and how much benefits you will get after apply these section in your tax planning.

For saving tax there are many section under which you have different type of investment plans and on this you get deductions from government on your gross income which earned during a year .These deductions different in different section. Given below there are some sections which help you 

Tax Saving Investment Under section 80c

 

DEDUCTION ARE AS FOLLOWS  

 80C  

 Amount paid or deposited towards life insurance

 Contribution to Provident Fund set up by the Government,

 Recognized Provident Fund

Contribution by the assessee to an approved superannuation fund,

 Subscription to National Savings Certificates,

 Tuition fees,

Payment/ repayment for purposes of purchase or construction of a residential house and many other investments.

For full list, please refer to section 80C of the Income-tax Act 1961 on next page

 

 Tax Saving Investment Under section 80c 

 

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