banner_ad

Tax saving mutual funds

Others 371 views 4 replies

i have invested in tax saving mutual funds like sbi magnum tax saving scheme direct plan growth. can i claim deduction under 80C or 80CCG?

Replies (4)
Claim this under 80C within overall limit of Rs 150000/-
You can claim Deduction under Section 80C of the Income Tax Act 1961 upto Rs. 1,50,000/-

1. Yes, you can claim deductions u/s 80C it will be considered as allowable deductions with a maximum deduction of Rs. 1.5 lakhs. 
Please correct me if the above solution has an alternative view. 

Get a clear explanation of Tax Saving Mutual Funds and how they can help you achieve your financial objectives. Our guide covers how to choose the right funds to save on taxes and align them with your long-term financial plans.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details