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Sqrrl- Tax Benefit Investment

For tax benefit investment, Sqrrl app gives multiple options to invest according to Section 80C and 80CCC. Tax exemptions under Section 80C offer numerous benefits by saving your hard-earned money from paying excess in taxes. Using the Sqrrl app, you can invest in multiple schemes under section 80C and avail greater returns. For tax benefit investment, use the Sqrrl app.

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Sqrrl- Tax Benefit Investment

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  1. Sqrrl App Best Mutual Fund App

  2. Subsections under 80C- Tax Benefit Investment • We have already seen various Tax Benefit Under Section 80C. It helps individuals help you reduce your taxable income. It allows the deductions available, including tax-saving investments and incurred eligible expenses. Other preferred deductions under chapter VIA are 80CCC,80D, 80E, 80G, 80DDB, and so on. Let's discuss some essential subsections under 80C that a taxpayer can claim.

  3. Subsection 80CCC – Insurance Premium • Deduction for Premium Paid on annuity plan for life insurance • Section 80CCC provides Tax Benefit Investment to an individual for an amount invested by them in any annuity plan of LIC or any other insurer.  After the surrender of the policy, the amount received upon the annuity including interest or bonus accrued on a pension is taxable in the year of receipt.

  4. Tax Benefit Investment

  5. Subsection 80 TTA – Interest on Savings Account • 80 TTA allows an Individual or a HUF to claim a deduction of maximum Rs 10,000 against interest income from the savings account with a bank, co-operative society, or post office. However, Section 80TTA deduction is not available in case of interest income received from any FD, RD, or corporate interest bonds.

  6. Subsection 80E – Interest on Education Loan • Section 80E allows an individual to claim deduction on interest on loans taken for pursuing higher education. This loan may have been chosen for the taxpayer, his/her spouse, or children or for a student for whom the taxpayer is a legal guardian.80E deduction is available for a maximum of 8 years or till the entire interest is repaid, whichever is earlier. An individual can claim any amount of interest paid on such loans, without any restriction. • Sqrrl is an online platform where you can easily invest your money into Life insurance and pension schemes. And easily plan for tax saving! It provides hassle-free steps to invest your money into this deduction schemes.

  7. Thanks for watching us • For more information visit our online portal: • https://sqrrl.in/ • Email us on: support@sqrrl.in • Contact us on: 7840877775

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