WebOptions #2 – 5 yr Tax Saving Fixed Deposits. Tax saving fixed deposit (FD) is a type of fixed deposit, which comes under section 80C of the Indian Income Tax Act, 1961. This kind of deposit is offered for a lock-in period of 5 years. The maximum deduction an investor can claim through it is Rs 1.5 lakh. WebTax-saving FDs are like regular fixed deposits but come with a lock-in period of 5 years and tax break under Section 80C on investments of up to Rs 1.5 lakh. Different banks offer different interest on the tax-saving FDs, which range from 7-9%. The returns are … The short-term and long-term capital gains offered by mutual funds are taxed at … Both ULIP and National Savings Certificate (NSC) provides tax benefit u/s 80C of the …
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WebFeb 24, 2024 · Section 80C is known only for its investment-related tax deduction, however, other subsections are a part of Section 80C. The sections which fall within the purview of 80C are 80CCC, 80CCD (1), 80CCD (1b), 80CCD (2). Investments eligible for tax deductions under various sections WebJun 22, 2024 · Investors can invest up to 1,50,000 in an ELSS fund and deduct the investment from their taxable income under section 80C of Income Tax Act, thereby … headphones aula
Section 80C - Best Tax Saving Investment option under Sec 80C
WebMay 29, 2024 · Making tax-saving investments as soon as practicable for the fiscal year 2024-23 will allow you to save more for your tax-free returns. Investing under section 80C … WebNov 18, 2024 · Read More: Complete Procedure for Income Tax e-Filing Detailed Analysis of Options to Save Tax Under Section 80C Public Provident Fund. Contributions to the Public … 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 headphones audio test