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Saving taxes is an important part of your investment and financial planning process. But quite often people donu2019t pay as much attention to utilising the provisions made available .<br>Tax planning entails utilising the provisions in the Tax Laws to save maximum tax payable.<br>There are many provisions under the Section 80C(https://www.edelweiss.in/investology/introduction-to-income-tax-c920c6/tax-deductions--decoding-section-80c-53a682) of the Income Tax Act.<br>This presentation will show you exactly that.
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Introduction Saving taxes is an important part of your investment and financial planning process. But quite often people don’t pay as much attention to utilising the provisions made available . Tax planning entails utilising the provisions in the Tax Laws to save maximum tax payable. There are many provisions under the Section 80C of the Income Tax Act.
Deductions under the section 80c Following are the Deductions under the section 80C: • Employee/Voluntary Provident Funds • Public Provident Funds • National Savings Certificate • National Pension Scheme • Equity Linked Savings Scheme (ELSS)
Conclusion With the help of these deductions you can reduce your taxable income and hence, the amount of tax you have to pay.