Deductions Under Section 80CCD(1B) of Income Tax
Deductions Under Section 80CCD(1B) of Income Tax
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Deductions Under Section 80 Of Income Tax Act 1961 | Legal Service India - Law Articles - Legal Resources
Deductions Under Section 80 Of Income Tax Act 1961 | Legal Servi…
Dec 12, 2023
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Most Important Tax Deductions for Salaried Person 🤯 🔵 Section 80C: Investments in Provident Funds such as EPF, PPF, etc., payments made towards life insurance premiums, Equity Linked Saving Schemes, payments made towards the principal sum of a home loan, SSY, NSC, SCSS, etc. 🔵 Section 80D: This is the deduction for Mediclaim or Medical Insurance. The limit for Section 80D is as follows: - If taken for Self and Family = Rs. 25,000 ; And - If taken for Parents also = Rs. 25,000 Therefore, total
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