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Section 80c

Aug 21, 2019, 07.40 PM IST

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.

Tax deductions that can be availed for reconstructing a house

"Demolishing a house and building a new one on the same plot is considered the reconstruction of the house."

Tax saving options under section 80C: Features explained

You can save tax if you understand how these tax saving options work.

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