Section 80CCF – Sweet option to save on tax

Section 80CCF was introduced for the financial year 2010-2011. It is a fantastic tax saving instrument if you have money to invest for 4-5 years.

You can invest upto Rs. 20,000 under Section 80CCF which is in addition to Section 80C. If you get taxed at 30% in the highest tax slab, then the savings on Rs. 20,000 is Rs. 6,000. 

Unless you really need the money for meeting critical expenses, our CA team advices to maximize this tax deduction.

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