This Article Is Related to get benifits under section 80C in income tax.
Under Section 80c Individual and HUF can save upto 1,50,000/ tax free amount. If you Invest your Rs. 1,50,000/- in the scheme which falls under 80C you can save upto 15,450/-, if you are under 10 % tax Slab, Rs. 30,900/ if you are in 20 % tax slab and Rs. 46,350/ in the slab of 30%.
Article Contains Savings, Investment, Purchases and Insurances which are covered under section Income tax 80C. Also other terms related to Income tax section 80C, 80CC, 80CCD etc.
Housing loan, its principal amount and interest paid on housing loan, in which principal amount repayment falls under Income tax Section 80C while Interest paid on hosing Finance is covered under income tax benefit in another section.
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