Section 80C

EPFO

Employees’ Provident Fund (EPF): All About EPF Plan!

At the time they leave their place of employment, employees are entitled to lump sum payments from EPFO. Under the EPF program, employees contribute a portion of their monthly salaries. It is a great platform for saving the portion of your pay that will come in handy in case of an emergency. The EPFO is …

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Senior Citizen Savings Scheme

(SCSS) Senior Citizens Savings Scheme: Tax Benefit & Features

A savings program designed for older citizens over 60s in India is usually called the Senior Citizens Savings Scheme (SCSS). It offers a steady income stream with the highest level of safety and tax advantages. SCSS offers a sovereign guarantee since it is backed by the government. Investing in this plan is a smart financial …

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National Pension Scheme Benefits

(NPS) National Pension System: Benefits, Interest Rate and Eligibility

A public defined contribution retirement savings plan is known as a National Pension System (NPS). The NPS wants to encourage people to make retirement savings a habit. Putting money into this financial instrument will increase your wealth while also reducing your tax burden. In this article, we shall cover the the necessary details regarding NPS. …

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ELSS-Equity Linked Savings Scheme

(Equity Linked Savings Scheme) ELSS Funds: Meaning, Full Form & Interest Rate

If you are a beginner investor, ELSS is the greatest choice since it offers tax benefits, gives you a taste of mutual funds, and allows you to invest in stocks. Only equity-linked savings plans (ELSS funds) qualify for tax deductions under Section 80C of the Income Tax Act of 1961. Here, we’ll examine all the …

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National Savings Certificate

National Savings Certificate (NSC): All Features & Tax Benefits

NSCs, or National Savings Certificates, can be used as security for bank loans. According to Section 80C of the Income Tax Act of 1961, the owner receives tax advantages. Meaning The National Savings Certificate (NSC), available at the nearby post office under your name, for a minor, or on a joint account with another adult, …

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80C Deduction List

Deductions Under Section 80C- Benefits & Works

There are a few methods to reduce taxes or receive a refund. Commonly utilised tax-saving investing choices include PPF, EPF, and others. Tax savings depend on the type of tax advantage claimed.  Section 80C of the Income Tax Act provides for the reduction of taxable income through tax-saving investments or the incurring of qualified costs. …

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Tax Saving Options For Salaried 2023

Tax Saving Options For Salaried 2022-23

“Maximize Your Tax Savings in 2022-23 – Secure Your Future With Tax Saving Options For Salaried”  People who are salaried have some advantages when it comes to submitting income tax returns. In this blog post, we’ll talk about tax-saving solutions for salaried people for the AY 2022–2023. We will also discuss the steps what one …

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