What Is Covered In 80c
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What Is Covered In 80c
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Deductions Under Chapter VIA
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 Provident Fund PPF Employee Provident Fund EPF National Savings Certificate NSC Tax Saving Fixed Deposits children s tuition fees etc Section 80C of the Income Tax Act is an income tax deduction that helps you reduce your taxable income and thus helps in reducing the tax outgo. It covers specified investment and payment options that can reduce your.
What Is Covered Bill
What Is Covered In 80cSection 80C of the Income Tax Act of India is a clause that points to various expenditures and investments that are exempted from Income Tax. It allows for a maximum deduction of up to Rs 1.5 lakh every year. Section 80 Deductions A complete guide on Income Tax deduction under section 80C 80CCD 1 80CCD 1B 80CCC Find out the deduction under section 80c for FY 2020 21 AY 2021 22
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