Know all about - Section 80C Investment Options

What is Section80C? How can it help in Saving Tax

section80c - save tax and grow wealth

Under Section 80C of the Income Tax Act of 1961, a taxpayer is allowed certain tax deductions that allow him to lower his tax liability against his taxable income. Eligible taxpayers can claim deductions upto Rs 1.5 lakh per year from your total income under Section 80C.

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Sukanya Samriddhi Yojana (SSY) - Rules & Income Tax Benefits

SSY features

Sukanya Samriddhi Yojana (SSY) is a government savings scheme that is designed to create a separate corpus for the girl child. It allows the parents/guardians of the girl child to save for meeting expenses at the time of her education or marriage.

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Public Provident Fund (PPF) - Features, Rules & Income Tax Benefits

ppf main features

Public Provident Fund (PPF) continues to be a favourite savings avenue for many investors. The principal and the interest earned have a sovereign guarantee and the returns are tax-free. Therefore, anyone looking for a safe investment option to save taxes and earn guaranteed returns should open a PPF account.

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How to open PPF account online - Complete Online Process

open online ppf account

PPF account can be opened either directly through a post office or through a bank. To make PPF account opening process easier and more accessible, it is now possible to open PPF accounts online with Banks. Aadhaar e-verification process has now enabled opening of PPF account in very simple way.

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List of PPF Forms and Purpose of Forms A to H

ppf list of forms a to h

There are a number of rules and regulations governing the Public Provident Fund Scheme. There are various forms pertaining to PPF accounts. They are Forms A to H, each of which are issued for a specific purpose.

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Tax saving Fixed Deposits - Features & Income Tax Benefits

tax saving fds main features

Tax Saving Fixed deposits are great financial instrument for risk-free investment. These Fixed deposits have a lock-in time of 5 years, and withdrawals before maturity are not permitted. One can invest in this Tax Saving FD easily by visiting a bank branch or even by using online net banking facility.

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How to open NPS account online - Get Permanent Retirement Account Number (PRAN) in 30 mins

open NPS account online

Under NPS, each Subscriber will open an account with Central Recordkeeping Agency (CRA) which will be identified through unique Permanent Retirement Account Number (PRAN). Any individual between 18 - 65 years can open a pension account under NPS through eNPS portal in less than half an hour. Aadhaar e-verification process has now enabled opening of NPS account in very simple way.

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PPF account for NRIs - Old Rules and Feb 2018 Notification

ppf nri account rules

Non-resident Indians (NRIs) cannot open a PPF account. However, account-holders who leave the country and obtain non-resident status after having opened a PPF account can continue to maintain their accounts until it matures i.e. until the end of the account's 15 year term.

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Employee Provident Fund (EPF) - Rules & Income Tax Benefits

epf accunt main features

Employee Provident Fund is a small saving scheme that is offered to Indian workers as well as international workers through the EPFO of India. The scheme allows accumulation of funds as well as accrual of interest on the accumulated funds. Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer.

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National Savings Certificate (NSC) - Features & Income Tax Benefits

nsc main features

National Savings Certificate is the scheme issued by Indian government through post offices. NSCs can be purchased by any individual in India with a maturity period of five years. The buyer can claim a deduction of a maximum of Rs 1.5 lakh by investing in NSC. These can be used as a security for availing loans from banks or financial institutions.

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Senior Citizen Savings Scheme (SCSS) - Rules & Features

scss main features

Senior Citizen Savings Scheme (SCSS) is a government sponsored scheme meant for the senior citizens to secure additional retirement benefits while availing day to day cash requirements. SCSS offers regular income, highest safety and tax saving, making it a popular product for those over 60 years of age.

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Income Tax Benefits on Children Tuition Fees expenses - Rules & Conditions

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Section 80C of the Income Tax Act has provisions for tax deductions on tuition fees paid by a parent towards educating his/her children. Taxpayers can avail deductions upto Rs 1.5 lakhs within the overall limit of Section80C.

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Income Tax Benefits on Life Insurance Premium expenses - Rules & Conditions

life insurance premium expenses

Section 80C of the Income Tax Act has provisions for tax deductions on payment towards Life Insurance premium on policy(s) bought in the name of self, spouse or children. Taxpayers can avail deductions upto Rs 1.5 lakhs within the overall limit of Section80C.

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