Web25 jun. 2024 · Qualifies for tax exemptions under section u/s. 80C of the Indian Income Tax Act. Long-term capital gains from these funds are tax free in your hands. However as per Finance Act 2024 LTCG on ELSS (equity oriented) in Excess of Rs 1 lakh is taxable @ 10% (Surcharge+HEC) without indexation under section 112A. Web30 mrt. 2024 · The Sukanya Samriddhi Yojana offers tax exemption under Section 80C of the Income Tax Act. Public Provident Fund (PPF) A Public Provident Fund (PPF) is one …
How to save income tax in India?
Web8 jul. 2024 · To talk about Section 80C, all income tax saving done through schemes like provident funds, fixed deposits, term deposits, life insurance, mutual funds, etc., are … Web25 mei 2024 · According to chartered accountants and tax experts, to claim full benefit of Section 80C by investing in ELSS mutual fund schemes, it is important to ensure that … hayloft st cloud
All you need to know about section 80C - Tata Capital
Web13 apr. 2024 · However, only the latter qualifies for tax deductions under Section 80C of the Income Tax Act, and the maximum amount that you can claim as deductions is Rs.1.5 lakh. Senior Citizen Savings Scheme: The Senior Citizen Savings Scheme is the best possible investment scheme for senior citizens. Web1 sep. 2024 · Under this scheme, tax deduction up to Rs.1.5 lakh can be claimed as per Section 80C of the Income Tax Act In case the subscriber opts to close the account after 1 year, but before the term of two years, 1.5% of the deposited amount is subject to deductions as charges for premature withdrawal. Web1.Senior Citizen Savings Scheme (SCSS): One of the most popular investment instruments among senior citizens who are looking to save taxes while also gaining returns on their … hay lofts shutter stock