2 Deductions us 80C80CCC80CCD and 80CCE Deduction on Certain Investments

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=hXOes1Tb5rg

Deductions u/s 80C,80CCC,80CCD and 80CCE || Deduction on Certain Investments • • clearTax logo • Income Tax • GST • Invest • Business Compliance • Cleartax Apps • Budget 2021 update :It has been proposed to exempt the senior citizens from filing income tax returns if pension income and interest income are their only annual income source. Section 194P has been newly inserted to enforce the banks to deduct tax on senior citizens more than 75 years of age who have a pension and interest income from the bank. • For FY 2019-20, investments made up to 31 July 2020 can be claimed as deduction under Section 80C, Section 80D, Section 80E and up to 80GGC (Chapter VI A deductions). The due date for AY 2020-21 is extended to 10th January 2021. For tax audit cases and Transfer Pricing cases, the due date is extended to 15th February 2021. • Deductions on Section 80C, 80CCC 80CCD • For financial year 2019-20 (including budget amendments) • There are various deductions a taxpayer can claim from his total income which would bring down his taxable income and thereby reduce his tax outgo. Discussed in this article are some of the important deductions under Section 80C a taxpayer is eligible to claim. • Sec 80c Investment • Sec 80CCC Insurance Premium • Sec 80CCD Pension Contribution • Sec 80TTA Interest on Savings Account • Sec 80GG House Rent Paid • Sec 80E Interest on Education Loan • Sec 80EE Interest on Home Loan • Sec 80CCG RGESS • Sec 80D Medical Insurance • Sec 80DD Disabled Dependent • Sec 80DDB Medical Expenditure • Sec 80U Physical Disability • Sec 80G Donations • Sec 80GGB Company Contribution • Sec 80GGC Contribution to Political Parties • Sec 80RRB Royalty of a Patent • Sec 80TTB Interest Income • Frequently Asked Questions • 1. Section 80C • • Deductions on Investments • 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 • Groww • Invest in the top-performing ELSS mutual funds to save up to Rs. 46,800 in taxes and build wealth for your future • SAVE TAX • Home » p » Tax • Section 80C • Section 80C of the Income Tax Act of India is a clause that points to various expenditures and investments that are exempted from Income Tax. It allows for a maximum deduction of up to Rs.1.5 lakh every year from an investor’s total taxable income. • Section 80C is applicable only for individual taxpayers and Hindu Undivided Families. Corporate bodies, partnership firms, and other businesses are not qualified to avail tax exemptions under Section 80C. • • Subsections of Section 80C • Under the Income Tax Act of India, deductions under Section 80Care divided • into certain sub-sections. These are – • Tax saving sections Eligible investments for tax exemptions • Section 80C Investments in Provident Funds such as EPF, PPF, etc., payment made towards life insurance premiums, Equity Linked Saving Schemes, payment made towards the principal sum of a home loan, SSY, NSC, SCSS, etc. • Section 80CCC Payment made towards pension plans, as well as mutual funds. • Section 80CCD(1) Payment made towards certain Government-backed schemes such as National Pension System, Atal Pension Yojana, etc. • Section 80CCD(1B) Investments of up to Rs.50,000 in NPS is considered for exemption under this section. • Section 80CCD(2) Employer’s contribution towards NPS (up to 10%, comprising basic salary and dearness allowance, if any) is exempted under this category. • • YouTube tags • 80c deductions for ay 19-20 ,80c investment ,80c deductions in itr ,Deductions u/s 80C for A.Y 2019-20 ,deductions u/s 80c for ay 19-20 ,deductions u/s 80c for fy 18-19 ,deductions u/s 80c for fy 2018-19 ,80c deductions ay 2019-20 ,80c deductions ay 20-21 ,Deductions u/s 80C for A.Y 20-21 ,how to save tax ,save tax ,section 80C ,section 80C deductions ,dedications under section 80C ,section 80c exemptions ,investments under section 80C ,investments in section 80C ,section 80C investments ,80c tax deductions ,section 80C tax deductions ,section 80c hindi ,income tax ,income tax deductions ,tax saving tips ,how to save income tax ,section 80c of income tax act ,how to save tax in india ,80c income tax section ,how to save money ,income tax saving tips ,80c , Equipment ....... which i use • ********************************* • MIC • https://amzn.to/3wCmHOs • ***************************************** • Tripod (use sometime for mobile ) • https://amzn.to/3c0Jbkm • ***************************************** • Tablet • https://amzn.to/3upiUmh • ***************************************** Equipment ....... which i use • ********************************* • MIC • https://amzn.to/3wCmHOs • ***************************************** • Tripod (use sometime for mobile ) • https://amzn.to/3c0Jbkm • ***************************************** • Tablet • https://amzn.to/3upiUmh • *****************************************

#############################

New on site