WebNov 17, 2024 · Under Section 80CCD (1), investment in NPS up to Rs 1.5 lakh qualifies for income tax deduction. Total amount of income tax deduction under sections 80C, 80CCC (investment in pension plan offered ... WebMar 14, 2024 · The PPF comes under the exempt category where the interest and maturity amount is exempt from tax. The PPF account is locked for a period of 15 years by …
Tax Saving Options for Salaried Employees - DBS
WebTax Deduction for joint home loan. If a home loan is taken jointly, each borrower can claim deduction on home loan interest up to Rs 2 lakh under Section 24 (b) and tax deduction on the principal repayment up to Rs 1.5 lakh under Section 80C. This doubles the amount of deductions available when compared to a home loan taken by a single applicant. WebEquity Linked Savings Scheme. An Equity Linked Savings Scheme, popularly known as ELSS, is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in India. [1] [2] They offer tax benefits under the Section 80C of Income Tax Act 1961. [3] ELSSes can be invested using both SIP ( Systematic ... cty math courses
Home Loan Tax Benefits Under Section 80C, 24, 80EE, 80EEA
WebJan 18, 2007 · The AUM of DSP Tax Saver Fund (Growth) is Rs 10,802.014 cr as on 4th April 2024. The fund benchmarks to IISL Nifty 500 TR INR. The fund is in the top 5 based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 10 times. The fund is in the top 5 based on … WebMar 25, 2024 · 1. Take A Home Loan. Taking a housing loan is one of the best ways to save tax. It provides several deductions. Ordinarily, you’ll get deductions up to Rs 1.5 lakh on home loan principal ... WebHow Does Tax Saving Calculators Work? The tax saving calculator helps you to calculate tax-savings, after making use of Section 80C of the Income Tax Act, 1961. Let us … easily influenced person