Section 80 C – Income Tax Deductions under Sec 80C - ClearTax
Apr 4, 2017 · An employee’s contribution to the Employee Provident Fund (EPF) account also earns a tax break under Section 80C of up to Rs 1.5 lakh. This amounts to 12% of salary that …
How to Reach Rs 1,50,000 under Section 80C with No Investments…
Deduction u/s 80C can be claimed by making an investment declaration with your employer in Form 12BB. If your employer provides access to the employee Self-Service Payroll portal then …
Deduction under section 80C and Tax Planning
Jan 4, 2020 · Section 80C of the Income Tax Act allows certain investments and expenditure to be tax-exempt. One must plan investments well and spread it out across the various …
Looking for last-minute tax-saving avenues before March 31st?
Mar 19, 2025 · Here is a comprehensive list of investments you can make to claim a deduction under Section 80C of the Income Tax Act. Provident Fund and Superannuation Fund: Most …
Income Tax Deductions List - Deductions on Section 80C
Apr 10, 2025 · Under section 80C you can claim a deduction of ₹1.5lakhs by investing in PPF, ELSS etc. Also, you can claim a deduction for medical insurance premium upto ₹75,000 per …
Deduction under section 80C of Income Tax Act explained - Tax …
Sep 30, 2024 · Summary: Section 80C of the Income Tax Act provides tax-saving opportunities for individuals and Hindu Undivided Families (HUFs) by allowing deductions on specific …
Income Tax Deduction Under Section 80C Limit in India
1 day ago · Section 80C of the Income Tax Act allows for deductions up to Rs.1.5 lakh p.a. Under the section, individuals can invest in several savings schemes to claim deductions on their …
Deduction Under Section 80C of Income Tax - ET Money
Feb 18, 2025 · Section 80C is a tax-saving provision under the Indian Income Tax Act 1961. It allows taxpayers to claim deductions on specified investments and expenses such as Public …
Section 80C Deduction - Income Tax Act - IndiaFilings
Section 80C of the Income Tax Act in India lets you reduce your taxable income by up to Rs. 1.5 lakh per year. This benefit applies to investments you make in things like Employee Provident …
Income Tax Deduction Under Section 80C - Tax Guru
Jun 12, 2024 · Section 80C of the Income Tax Act provides taxpayers with an avenue to reduce their taxable income by investing in specified financial instruments or expenses. This section …