Tax Benefit

Are there any tax benefit investment
Replies (13)
Quick Summary
This discussion explores various tax-saving investment options available under Section 80C and 80CCD of the Indian Income Tax Act. Participants discuss Public Provident Fund (PPF), National Pension System (NPS), tax-saving Fixed Deposits, and other avenues like NSCs and ULIPs. The discussion also touches upon the investment limits for 80C and 80CCD, and where to find tools for calculating tax liability.

PPF sec 80C

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

Nps is exempt under section 80CCD
Tax saver bank FD is also there.

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

 

 

Under 80c for PPF and tax saving mutual fund
150000 rupees is the limit
Yep 150000 is limit IN 80C n 50000 for NPS ALSO

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

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.

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

There might be many Excel format on Google you can go and search there
I think calculator, to know tax under new and old scheme of taxation is available on efiling site.

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