Webb24 mars 2024 · Section 80C – Deductions on Investments Section 80C is one of the most popular and favourite sections amongst taxpayers as it allows them to reduce taxable income by making tax-saving investments or incurring eligible expenses. It allows a … Investments under section 80C – Rs. 80,000. Now, he can claim Rs 30,000 … 4. Section 80TTA vs 80TTB. Section 80TTA provides deductions similar to Section … Under the objective “Housing for all”, the government extended the interest … Conditions to avail of Section 80DD deduction. Below are the conditions you … 80C-80-DEDUCTIONS; SECTION 80U – TAX DEDUCTION FOR … Also, an eligible amount for deduction of Rs 10,000 under Section 80C. Then, … Section 80C of the Income Tax Act provides deduction in respect of the tuition fees … Senior Citizen Savings Scheme (SCSS) - Interest Rate 2024, Tax Benefits, … WebbYou can also make voluntary contributions to their EPF accounts, such amount is eligible for tax exemptions under Section 80C. Infrastructure Bonds . Equity-Linked Saving Scheme . Another tool that falls under Section 80C’s exemption category is Equity Linked Saving Schemes or ELSS. You can save tax on the maximum limit of Rs.1.5 lakh.
income tax exemption: Budget 2024 should re-introduce infra …
Webb17 mars 2012 · Deduction under section 80CCF. Deduction under section 80CCF of the Income Tax Act is available to an individual and a HUF who has invested an Amount up to Rs. 20,000, paid or deposited, during the previous years relevant to assessment year 2011-12 or 2012-13, as subscription to notified long-term infrastructure bonds. Webb27 mars 2024 · “The interest derived from Long-Term Infrastructure Bonds would be taxable under the head ‘Income from Other Sources’ in the hands of the investor. The … simply web northumbria
income tax exemption: Budget 2024 should re …
Webbpremiums and investment in specified government infrastructure bonds are also eligible for deduction under Section 80C Most of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in toto so that one can make best Webb21 mars 2024 · Individuals who make voluntary contributions to their EPF accounts are entitled for Section 80C tax exemptions. Bonds for infrastructure: Equity-Linked Saving Scheme: For up to the maximum level, equity linked savings schemes, or ELSS, fall under Section 80C’s exemption category (Rs.1.5 lakh). Webb5 aug. 2010 · Finally govt gave clarity about the Infrastructure bonds under sec 80C where you can invest upto Rs 20,000 for additional tax deduction apart from the current … simply weddings las vegas