Income Tax Deductions u/s 80C
One can get following income tax deductions with qualified investments u/s 80C are as appended below:
| Section | Details | Quantum of Deduction |
|---|---|---|
| 80C | Life Insurance Premium, PPF, NSC, EPF, 5-year Fixed Deposit, Post Office Senior Citizen Saving Scheme, ELSS, Tuition Fees including Admission fees or college fees paid for full time education of any two children’s, Housing Loan Principal Repayment | Maximum Rs 100000 |
Income Tax Deductions u/s 80CCC
One can get following income tax deductions with qualified investments u/s 80CCC and same are as appended below:
| 80CCD | Notified pension scheme like NPS | Max 10% of salary or 10% of GTI, as case may be |
|---|
Income Tax Deductions u/s 80CCD
One can get following income tax deductions with qualified investments u/s 80CCD and same are as appended below:
| 80CCC | Deduction in respect of contribution to certain pension funds | Max Rs 100000 |
|---|
Income Tax Deductions u/s 80CCE
One can get following income tax deductions with qualified investments u/s 80CCE and same are as appended below:
| 80CCE | Includes section 80C,80CCC &80CCD | Deduction u/s 80C,80CCC & 80CCE cannot exceed Rs 100000 |
|---|
Bookmark us for sure tip of the day for intraday trading at NSE and BSE.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
