Investment Based Schemes Particulars Tax Saving FDs PPF (Public Provident Fund) Tax Saver Mutual Funds Unit linked Insurance Plans Sukanya Samriddhi Yojana Eligibility Can be opened by Resident Indian individuals. Can be opened by Resident Indian individuals, salaried and non-salaried...
Deduction under section 80EEB of Income Tax Act Newly introduced section 80EEB provides deduction in respect of interest paid on loan taken from the financial institution for purchasing of an electric vehicle. The current article thoroughly explains the features of newly inserted section 80EEB....
Section 80C Investments in Tax Saving FDs Tax-saving FDs are like regular fixed deposits but come with a lock-in period of 5 years and tax break under Section 80C on investments of up to Rs 1.5 lakh. Eligibility: Can be opened by Resident Indian individuals. Liquidity: Fixed Deposits have...