60 likes | 69 Views
Tax benefit under Section 80C allows individuals and HUFs to claim a tax deduction of up to Rs 1,50,000 from their gross total income for certain investments and payments. Tax benefit under section 80 C helps to claim benefits up to 1.5 lakh. Learn more about income tax benefits under section 80C as per the income tax act, 1961. Check here.
E N D
Sqrrlfinetch Best Mutual Fund App
Tax saving investments is an integral part of one’s life as they offer various tax benefit under section 80C. People frequently wish to invest, as they can see, the importance of these investments. • Although there are so many tax-saving investment plans are available in the market, most people often get confused to choose the best plan that suits them. • As a smart investor, one should look for tax saving investments, which not only provides the tax benefit under section 80C but also helps to earn tax-free income. There are many smart ways to save taxes and enjoy the maximum savings possible. • While choosing the right tax-saving investments plans, it is essential to consider the factors like safety, returns and liquidity. Also, it is crucial to keep a proper understanding of how returns will be taxed. Tax Benefit under Section 80C – Mutual Funds
ELSS (Equity-Linked Saving Scheme) Mutual Fund • The equity-linked saving scheme is the diversified mutual fund scheme, which has two different features. First, the investment amount in ELSS scheme is eligible for tax exemption up to the maximum limit of Rs. 1.5 Lakh tax benefit under section 80Cof Income Tax Act and secondly, the investment made in ELSS funds offer the interest rate of 15%-18%. • National Pension Scheme (NPS) • As one of the best tax-saving investments scheme, National Pension Scheme helps to provide tax-exemption under three different sections as mentioned below. Tax-saving Investments under Section 80C
The contribution, up to the maximum limit of Rs. 1.5 lakh can be claimed for tax exemption under section 80C. • One can get an additional deduction up to Rs. 50,000. • the employer contributes 10% of the basic salary of the individual in the National Pension Scheme, then the amount is not taxed. • If you want to save the maximum amount from your tax, then log on to Sqrrl app. • It is the best mutual fund app which gives you higher profit by investing just a little amount. • Download now. tax benefit under section 80C
For more information visit our online portal: https://www.sqrrl.in • Contact us on: 7840877775 • Email us on: support@sqrrl.in Thanks for watching us