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A Threadš§µon various #IncomeTax #Deductions.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
People normally know a bit about Section 80C Deduction which allows a person to claim a deduction of Rs 1.5 lakh on total income.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
Section 80C: for #TaxSaving #Investments & Payments.
A deduction up to Rs 1,50,000 is allowed under #Section80C of Income Tax Act 1961 in respect of eligible investments or expenditures.
* See Note Ahead
Discussed in detail š https://t.co/a5tbOUJoHQ
#TaxSaving #TaxPlanning
Section 80CCC: for Contribution to #PensionFund
A deduction up to Rs 1,50,000 is available under Section 80CCC of #IncomeTax Act 1961 in respect of contributions made by an individual towards specified pension funds.
* See Note Ahead
#TaxSaving #TaxPlanning #Investing
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.

When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
People normally know a bit about Section 80C Deduction which allows a person to claim a deduction of Rs 1.5 lakh on total income.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
Section 80C: for #TaxSaving #Investments & Payments.
A deduction up to Rs 1,50,000 is allowed under #Section80C of Income Tax Act 1961 in respect of eligible investments or expenditures.
* See Note Ahead
Discussed in detail š https://t.co/a5tbOUJoHQ
#TaxSaving #TaxPlanning

Section 80CCC: for Contribution to #PensionFund
A deduction up to Rs 1,50,000 is available under Section 80CCC of #IncomeTax Act 1961 in respect of contributions made by an individual towards specified pension funds.
* See Note Ahead
#TaxSaving #TaxPlanning #Investing