TAX DESTINATION

Hello Everyone! Welcome back to Tax Destination. We are near the end of the Financial year 2023. So it is very important to do tax planning if you haven't done yet. This quarter is probably your last chance to save taxes for the financial year 2022-23. When we talk about tax saving, the first thing that comes in our mind is to avail various payment based deductions. So in this article we will talk about 80C deduction in detail. Who are eligible for 80C deduction Only an individual or a Hindu undivided family can avail the deduction available under 80C. This deduction is not available to companies, LLP, partnership firm and other person. Quantum of Deduction The maximum amount of deduction an Eligible person can claim is Rs 1,50,000. Section 80C can be claimed is Certain payments are made during the year. Let us discuss this payments. There are various payment in respect of which you can claim deduction under section 80C. For example, Life insurance premium, Sukanya Samriddhi yoj

Hello Everyone! Welcome back to Tax Destination. We are near the end of the Financial year 2023. So it is very important to do tax planning if you haven't done yet. This quarter is probably your last chance to save taxes for the financial year 2022-23. When we talk about tax saving, the first thing that comes in our mind is to avail various payment based deductions. So in this article we will talk about 80C deduction in detail. Who are eligible for 80C deduction Only an individual or a Hindu undivided family can avail the deduction available under 80C. This deduction is not available to companies, LLP, partnership firm and other person. Quantum of Deduction The maximum amount of deduction an Eligible person can claim is Rs 1,50,000. Section 80C can be claimed is Certain payments are made during the year. Let us discuss this payments. There are various payment in respect of which you can claim deduction under section 80C. For example, Life insurance premium, Sukanya Samriddhi yoj