Deductions Under Section 80CCD(1B) of Income Tax
Deductions Under Section 80CCD(1B) of Income Tax
6 months ago
cleartax.in
Most Important Tax Deductions for Salaried Person 🤯 🔵 Section 80C: Investments in Provident Funds such as EPF, PPF, etc., payments made towards life insurance premiums, Equity Linked Saving Schemes, payments made towards the principal sum of a home loan, SSY, NSC, SCSS, etc. 🔵 Section 80D: This is the deduction for Mediclaim or Medical Insurance. The limit for Section 80D is as follows: - If taken for Self and Family = Rs. 25,000 ; And - If taken for Parents also = Rs. 25,000 Therefore, total
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338K views · 6K reactions | You can still save tax if you have exhausted the limit for deduction u/s 80C, 80CCD(1b) and 80D. You can claim 100% deduction u/s 80G of Income Tax act on certain donations. #TaxPlanning #WealthManagement #FinancialPlanning #FinancialFreedom #Education #Awareness #Literacy #reels #shorts #PankajMathpal #ELSS #NPS | Pankaj Mathpal | Facebook
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