Web19 sep. 2024 · Section 80CCD (1B) For Tax Saving. Here is another one of significant tax saving option you can try. If you have contributed to the National Pension Scheme … Web25 jun. 2024 · Qualifies for tax exemptions under section u/s. 80C of the Indian Income Tax Act. Long-term capital gains from these funds are tax free in your hands. However as per Finance Act 2024 LTCG on ELSS (equity oriented) in Excess of Rs 1 lakh is taxable @ 10% (Surcharge+HEC) without indexation under section 112A.
Section 80C, 80CCC, 80CCD deduction (Rs. 1,50,000+50,000)
Web4 apr. 2024 · The maximum deduction eligible under section 80C is upto Rs.1,50,000. 2. ELSS In Mutual Funds, you can go for ELSS (Equity Linked Saving Scheme) wherein you can attain deductions up to Rs.1,50,000 under section 80C. Being a combination of equity and tax saving, ELSS is an optimal gateway to equity. Web4 apr. 2024 · However, the minimum annual contribution should be Rs.500 and the maximum amount can be Rs.1.5 lakh; If the amount invested in the minor’s PPF account is from the income of the parent/guardian, then that amount can be included in under Section 80C of the Income Tax and will be eligible for tax benefits sight cbc machine
Post Office Time Deposit (TD) Calculator 2024: Save income tax …
Web15 feb. 2024 · The maximum limit for tax saving under Section 80C is Rs 1.5 lakh. There is no minimum limit. Section 80C Schemes Investment Schemes: ELSS Mutual Funds, … Web24 mrt. 2024 · A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor … Web19 mrt. 2024 · Here is why you should not invest Rs. 50,000 to get additional tax saving in NPS under section 80CCD (1B) in 2024. The following tax deductions are applicable to the National Pension Scheme. (1) An individual can invest a maximum of Rs. 1.5 Lakhs in Tier 1 for tax deduction under Section 80CCD (1) which is part of 80C. sight c diff