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The Economic Times

SECTION 80C

KNOW ALL ABOUT : Section 80C

There are several tax saving avenues but the most popular is the tax benefit under Section 80C of the Income Tax Act under which an amount equal to the investment that you make in certain specified instruments or an expense that you incur up to a maximum of Rs 1.5 lakh in a financial year reduces your gross total income by the same amount. Read ET stories to find out more about the various avenues.

Budget 2020 should cut tax outgo by changing sec 80c, family pension laws

Deduction under section 80C is a deduction from gross total income which can be claimed for investment in s...

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