SIP for Tax Saving


How to claim Deductions on Section 80C?.

Section 80C
Under section 80C, a deduction of Rs 1,50,000 can be claimed from your total income. In simple terms, you can reduce up to Rs 1,50,000 from your total taxable income through section 80C. This deduction is allowed to an Individual or a HUF. We advice our clients to invest in Mutual Fund ELSS to claim thie benefit under this section.

What are other types of deductions available?

Section 80CCD: Deduction for Contribution to Pension Account

Section 80 TTA: Deduction from gross total income for Interest on Savings bank account

Section 80GG: Deduction for House Rent Paid where HRA is not received

Section 80E: Deduction for Interest on Education Loan for Higher Studies

Section 80EE: Deductions on Home Loan Interest for First Time Home Owners

Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS)

Section 80D: Deduction for premium paid for Medical Insurance

Section 80DD: Deduction for Rehabilitation of Handicapped Dependent Relative

Section 80DDB: Deduction for Medical Expenditure on Self or Dependent Relative

Section 80U: Deduction for Person suffering from Physical Disability

Section 80G: Deduction for donations towards Social Causes

Section 80GGB: Deduction on contributions given by companies to Political Parties

Section 80GGC: Deduction on contributions given by any person to Political Parties.

Which are the Mutual Funds available under sec 80C?

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How to file Tax returns? Our tax related services

We offer complete advice and solution related to your tax needs. We help our clients achieve maximum benefits under available sections of Income Tax. We generally help and guide our clients in terms of filing online Income tax through government of India website. DO meet us for tax counseling and suggestions on best tax saving investments like- ELSS or Medical policies.