Tax saving other than 80c

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August undefined, 2024

Web18 Likes, 0 Comments - Canara Robeco Mutual Fund (@canara_robeco) on Instagram: "With a lock-in period of 3 Years, ELSS funds have a much shorter lock-in period than other tax sa..." Canara Robeco Mutual Fund on Instagram: "With a lock-in period of 3 Years, ELSS funds have a much shorter lock-in period than other tax saving options u/s 80C. WebFeb 17, 2024 · Tax saving instruments and sections therein : 1. Fixed deposit. You can save tax by investing in tax saver Fixed Deposits which can fetch you tax deduction under section 80C of the Indian Income Tax Act, 1961. You can claim a deduction of a maximum of Rs.1.5 lakh by investing in tax saver fixed deposits.

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WebFeb 22, 2024 · Apart from 80C, other tax-saving measures and options fall under the following acts: 1. Interest Earned on Deposits in Savings Accounts. Under Section 80TTA, … WebDec 23, 2024 · Additional tax saving with NPS. Not many taxpayers are aware of this additional tax deduction available with NPS. Individual taxpayers can save additional tax … homi k bhabha the location of culture

5 Tax-Saving Options Other Than Section 80C - TFIGlobal

Web14 rows · Aug 29, 2024 · List of Tax Saving Options under Section 80. Here is a complete list of tax-free deductions ... WebFeb 21, 2024 · Under section 80TTA, a deduction of up to Rs 10,000 per year on savings account interest is allowed. Pic: Reuters. Section 80C of the Income Tax Act of 1961 is … WebJan 12, 2024 · Other tax saving options. Apart from Section 80C, the Act provides many more tax-saving options for the taxpayers to reduce their tax liabilities. Some of such tax … historical analysis

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Web22 hours ago · ELSS mutual fund explained. An equity-linked savings plan (ELSS) is a category of mutual fund wherein at least 80% of the corpus is invested in equity securities. Under Section 80C of the Income Tax Act, you can get a tax exemption up to Rs. 1.5 lakh on your ELSS investments. ELSS has the shortest lock-in period, which is three years, … WebApr 10, 2024 · At what level does Old TR becomes attractive: If the deductions exceed the indifference point, say if it is Rs.1,75,000 (for example, if one utilized Section 80C limit of … homiletics bsf lesson 6 kingdom dividedWebJan 17, 2024 · Coming to tax benefit, repayment of principal amount in a home-loan qualifies for deduction under section 80C, which has an upper limit of Rs 1.50 lakh per annum. Since the same section - 80C, accounts a number of other investments including PF, PPF and life insurance policies etc, it becomes impossible for a buyer to take advantage of any benefit … historical amnesia meaning

"WebApr 10, 2024 · 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope calculations show that for an individual who just avail a … " - Tax saving other than 80c

Tax saving other than 80c

5 Tax Saving Tips Other Than 80C for Salaried Employees - ET …

WebApr 13, 2024 · Post Office TD, Post Office Time Deposit Calculator 2024, Interest Rate, Tenure, Maturity, Tax Saving: The interest rates of all small saving schemes have been … WebApr 5, 2024 · Before filing your income tax return, here are some important things you should know: Gather all the necessary documents: Keep all the documents related to your income, investments, and expenses handy, such as Form 16, salary slips, bank statements, TDS certificates, investment proofs, and bills. Determine your income source: You must know …

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WebMar 20, 2024 · Tax Saving Options Other Than 80C. When it comes to tax-saving, Section 80C of the Income Tax Act, 1961 is perhaps the most well-known and widely-used provision. It provides various deductions and ... WebSep 21, 2024 · 15 Tax Saving Options Other Than Section 80C. By Future Generali Jan 10, 2024. 1K. 66.9K. Read This Next. Tax Hacks Blogs 4 min. Leave Encashment - Calculation, Taxation and Other Rules. By Future Generali Sep 19, 2024. 191. 38.4K. Tax Hacks Blogs 12 min. Types of Allowances in India: Taxable and Non Taxable Allowance 2024-23.

WebTax Saving Options. ... NPS structure is divided into two accounts i.e. Tier-I and Tier-II. The Tier I is a non-withdrawable account. On the other hand, ... However, the amount is subject to a limit of Rs 1.5 Lakh under the Section 80C. An additional deduction of Rs 50,000 is also applicable for NPS under section 80 CCD ... http://e.zeebiz.com/personal-finance/news-post-office-time-deposit-calculator-2024-td-rules-1981-account-tax-benefit-scheme-80c-premature-withdrawal-td-calculator-income-tax-saving-230432

WebSection 80C. Section 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 from an investor’s total taxable income. Section 80C is applicable only for individual taxpayers and Hindu Undivided ... WebNov 29, 2016 · HRA Calculator. Free Online Tax Calculator for 2024-23 for Income Tax Slabs, – New vs Old Regime. Lumpsum Calculator. Fisdom NPS Calculator: Best free online tool for pension & annuity planning in India. Employee Provident Fund (EPF) Calculator Online. Online PPF Calculator 2024-23 – Calculate return for your PPF Account at current interest ...

WebDec 16, 2024 · The maximum limit of deduction available u/s 80C is Rs. 1,50,000/-. In this article, we will discuss the deduction available under various other sections. You can use …

WebApr 11, 2024 · One of the best features of this scheme is its high-interest rate of 7.5% per annum, which is higher than regular bank fixed deposits and other small savings schemes. historical american women heroesWebHowever, Section 80C is not the only section from The Income Tax Act, 1961 that offers tax savings. There are several tax-saving investments other than Section 80C that you can … homiletician definitionWebFeb 21, 2024 · Investing money in tax-saving instruments. The government encourages citizens to invest in the tax-saving investments mentioned under section 80C of the Income Tax Act in order to reduce their tax burden. In this way, you can make sure you have some sort of investment and stop worrying about spending excessive money on paying taxes. homiletics micahWebApr 13, 2024 · The short-term capital gain tax rate for shares other than Section 111A is at the standard tax rate. For individuals, it is per the income tax slab rate of the individual. Short-term capital gain is not tax-free. Taxpayers with the lowest income will be liable to short-term capital gain tax at ten per cent. Below is a list of a few instruments ... homiletics guideWebDec 18, 2024 · The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act, Section 80C includes various … historical american womenWebApr 4, 2024 · 1. Additional tax saving for NPS investments under Section 80CCD (1B) Every year, you can claim a deduction upto Rs 1.5 lakh under Section 80C by contributing to the … homiletics 1 kings 22 – 2 kings 1WebDec 28, 2024 · According to an interview with Dr. Suresh Surana, Founder, RSM India, here's how senior citizens can make tax-saving investments other than section 80C, to reduce … homiletics meaning in hindi