Webb15 feb. 2024 · Any individual or HUF can get a tax deduction up to Rs. 1.5 lakh per financial year under Section 80C of the Income Tax Act and its allied sections such as 80CCC … Webb21 feb. 2024 · Investment in SCSS qualifies for deduction under Section 80C of the Income-tax Act. However, this tax benefit is under the overall current ceiling of Rs. 1.5 …
Deduction Under Section 80C of Income Tax - ET Money Blog
Webb20 feb. 2024 · Section 80C includes subsections- 80CCC and 80CCD. The maximum limit for deduction under section 80C including subsections is INR 1,50,000 except for NPS tier I investment under section 80CCD(1B). INDEX Investments Eligible for Section 80C Deduction Payments Eligible for Section 80C Deduction ITR Form Applicable for Section … Webb4 jan. 2024 · Section 80CCC investment limit is clubbed with the limit of Section 80C – it means that the total deduction available for 80CCC and 80C is Rs. 1.50 Lakh. This also … tallest 13 inch tire
Premature Withdrawal Of ULIP, SCSS, PO Time Deposit: This …
Webb22 dec. 2024 · The current Sukanya Samriddhi Yojana interest rate for January to March 2024 is 7.6%. Under Section 80C of the Income Tax Act, Post Office Sukanya Samriddhi Scheme is categorised under EEE (Exempt-Exempt-Exempt) tax status. This implies that the principal amount, the interest earned and maturity amount are exempted from tax. Webb28 jan. 2024 · The SCSS is a risk-free investment offered by the government and offers 8.6% returns. Best Feature Senior citizens can avail of this scheme and invest up to Rs. 1.5 lakhs for tax deductions under Section 80C. Eligible Payments: Deductions under Section 80C As you just saw, Section 80C has an exhaustive list of ways to save on taxes. Webb4 maj 2024 · Senior citizens above 60 years of age can invest in SCSS and get income tax exemption u/s 80c upto Rs 1.5 Lakhs per annum. SCSS interest rate is 7.4% for Apr to June 2024. SCSS has 5 years lock-in period. Interest received from SCSS is fully taxable. One has to pay income tax on interest based on their individual income tax slab. two player games slope multiplayer