Saving taxes is everyone’s desire, and in India, Section 80C of the Income Tax Act helps you with that. Let’s understand it in simple words. But first, let’s begin with what Section 80C is.
Key Points to Note
This deduction is available only to individual taxpayers and Hindu Undivided Families (HUFs). Companies and partnership firms do not benefit from this deduction.
The amount of deduction available may change every year, so stay updated with the latest rules.
While investing, always keep your financial goals in mind. Return on investment is equally important along with tax savings.
Remember that you can claim tax deduction under Section 80C for a maximum of Rs. 1.5 lakh.
Conclusion
Saving taxes is not rocket science! With these smart ways under Section 80C, you can not only secure your future but also save a significant portion of your hard-earned income. Remember, small savings add up to significant benefits in the future. So why wait? Start adopting smart ways today and realize your dreams while saving taxes!
*The article is for information purposes only. This is not an investment advice.
*Disclaimer: Teji Mandi Disclaimer
