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Tax Benefit

Bharat Parikh (Manager Accounts) (14 Points)

08 January 2021

Are there any tax benefit investment

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13 Replies

RAHUL RAJU (123 Points)
Replied 08 January 2021

PPF sec 80C

1 Like

Bharat Parikh (Manager Accounts) (14 Points)
Replied 08 January 2021

Thank you Rahul...What about investing in NPS, is it a good option.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 08 January 2021

Nps is exempt under section 80CCD

1 Like

Kapadia Pravin (17249 Points)
Replied 08 January 2021

Tax saver bank FD is also there.

1 Like

Bharat Parikh (Manager Accounts) (14 Points)
Replied 08 January 2021

Thank you all, Could you please suggest what is the amount limit in 80C and 80CCD

Krishna Chaudhary (Accountant) (4531 Points)
Replied 08 January 2021

Under 80c for PPF and tax saving mutual fund

3 Like

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 08 January 2021

150000 rupees is the limit

1 Like

Krishna Chaudhary (Accountant) (4531 Points)
Replied 08 January 2021

Yep 150000 is limit IN 80C n 50000 for NPS ALSO

1 Like

Bharat Parikh (Manager Accounts) (14 Points)
Replied 08 January 2021

Thank you all for your response on the above query.....

1 Like

Krishna Chaudhary (Accountant) (4531 Points)
Replied 09 January 2021

Other Investment Options under Sec 80C

Tax Saving Fixed deposits.

PPF – Public Provident Fund.

EPF – Employee provident fund.

NPS – National Pension System.

NSC – National Savings Certificate.

ULIP – Unit linked Insurance Plans.

1 Like

Bharat Parikh (Manager Accounts) (14 Points)
Replied 09 January 2021

Is anybody knows.....Is there any Excel software available where I can calculate my tax liability automatically if I enter the amount or is there any online software available to calculate personal tax for 2020-21... Please let me know