7 Avenues to save tax under Section 80C

7 avenues

Tax saving investments made during a financial year can be claimed as the deduction under Section 80C for that financial year. In this article, we are discussing 7 avenues to save tax under Section 80C of the Income Tax Act.… Continue Reading


Post Office Tax Saving Investment Schemes

Post Office

Post Office Savings Schemes offers Savings Account Recurring Deposit (RD) Account Time Deposit (TD) Account Monthly Income Scheme (MIS) Account Public Provident Fund (PPF) Account National Savings Certificates (NSC) Senior Citizen Savings Scheme (SCSS) Account Kisan Vikas Patra (KVP) and… Continue Reading


Best ELSS Tax Saving Mutual Funds to Invest in 2018

ELSS Tax Saving

Equity Linked Savings Scheme (ELSS) is a diversified equity mutual fund, which is qualified for deduction of ₹ 1, 50,000 under section 80C of the Income Tax Act. The ELSS tax saving fund has the shortest lock-in period to compare… Continue Reading


Income Tax Deductions Section 80C to 80U


Section 80C to 80U of the Income Tax Act, 1961 provides provisions for tax deductions from your gross total income. You can claim deductions for amounts spent on tuition fees, medical expenses and donations. Also, you can invest in various schemes such… Continue Reading


Form 15G and Form 15H to Save TDS on Interest Income

Form 15G and Form 15H are self-declaration forms required to be furnished by the assessee to the bank. Bank will deduct TDS when the interest income is more than ₹10,000.00 in a year. You can submit Form 15G or Form… Continue Reading


Start Your Tax Planning Early

Tax Planning We often make the mistake of investing at the last hour when our company asks for proof. Don’t delay it, start tax planning now. Early tax planning will also ensure that you fully acknowledge and understand your financial situation,… Continue Reading


Best 5 Tax Saving Investments

Tax Saving Investments

Tax Saving Investments Investments in tax saving investments can claim deductions under section 80C of income Tax Act 1961. The maximum deduction is allowable under this section is ₹150,000.00. If you are investing in following investments, you can claim deductions… Continue Reading


Deduction 80D: Tax Benefits on Health Insurance

Health insurance policy not only gives insurance cover to a taxpayer but also provides certain tax benefits. Health insurance or Medi-claim policy is a must for all because should you fall sick or meet with an accident, your medical bills… Continue Reading


ELSS – Save Tax & Earn Higher Return

ELSS – Equity Linked Savings Scheme is a diversified equity mutual fund which has a majority of the corpus invested in equities. This type of mutual fund has a lock-in period of 3 years. This means if you start a… Continue Reading