Web26 feb. 2024 · If you have exhausted the Rs 1.5 lakh limit under Section 80C, then additional tax can be saved by investing Rs 50,000 in NPS. This deduction claimed will be over … WebTax saving fixed deposits. These type of fixed deposits offer tax* benefits subject to conditions under Section 80C of the Income Tax Act, 1961. They have a lock-in period of …
INCOME TAX SAVING SCHEME (PPF) - Nifty Trader
Web14 apr. 2024 · Section 80CCG: Section 80CCG of the Income Tax Act permits a maximum deduction of Rs 25,000 per year, with specified individual residents eligible for this deduction. Investments in equity … Web4 jan. 2024 · The maximum contribution under a tier-1 account is Rs. 15,000 per annum, tax-deductible under section 80C of the Income Tax Act. To make contributions tax deductible, make your deposits using either online or offline mode methods using valid crediting cards such as KYC digital, credit card (Visa & MasterCard), or debit cards … tao mang java
Do Not Invest Rs. 50,000 in NPS for additional tax saving benefit!
Web13 apr. 2024 · Section 80CCD (1) allows tax free investment to employees up to 10% of their salary, and Section 80CCD (1B) allows self-employed investors to claim an additional amount of Rs 50,000. Section 80 CCD(1) comes under the scope of Section 80C. Leading NPS funds have generated a 5-year return of around 9% per annum. Web10 apr. 2024 · Which banks offer what rate of interest on FDs? Several major banks in the country are offering the highest interest rates on tax-saving fixed deposits. HDFC Bank, Axis Bank, ICICI Bank, and Yes Bank are offering interest rates of 7%, while IndusInd Bank is offering 7.25%, DCB Bank is offering 7.6%, Bank of Baroda is offering 6.5%, Central … Web21 sep. 2024 · Under Section 80C of the Income Tax Act, an individual can claim maximum tax savings of Rs 1.5 lakhs per financial year through deductions. Additional tax … tao lu uvic