If you are over 50 years old and have still not planned your retirement, the Budget may prove to be in your favour. The government is examining the proposal of coming out with differential tax ...

They can invest in the tax-saving instruments mentioned under section 80C, 80CCC and 80CCD(1). Under section 80C, one can invest in small savings schemes such as NSC, Public Provident Fund (PPF ...

The maximum tax exemption limit is ₹1.5 lakh. 2. Tax saving under 80CCC: This section allows for annual deductions of up to ₹1.5 lakh for contributions made by an individual to designated ...

The deduction limit is Rs 1.5 lakh together with section 80CCC and section 80CCD(1). 80CCC: Deduction in respect of contribution to certain pension funds. The deduction limit is Rs 1.5 lakh ...

But remember that the total amount of deduction under sections 80C, 80CCC (investment in pension plan offered by an insurer) and Section 80CCD (1) (for NPS) cannot exceed ₹ 1.5 lakh. In addition ...

The limit of Rs. 1.50 lakh is prescribed under Section 80CCE which cover all the items eligible for deduction under Section 80C, 80CCC and 80 CCD (1). In respect of employer’s contribution ...

Apart from these, one can not avail tax-saving investment deductions under Chapter VI-A (80C, 80D, 80E, 80CCC, 80CCD,80D etc.) However, tax deductions on National Pension Scheme (NPS) under 80CCD ...