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Check out our extensive guide on Section 80 deductions: https://goo.gl/2A52mg
Did you know that you can save up to Rs 1.5 lakh in taxes every year? There are deductions that you can claim on investments and expenses under Section 80C.
– Life insurance premium
– Provident fund contribution
– ELSS fund investment
– Health insurance
– Children’s school tuition fees
– Tax-saving FD investments
– National Pension System investments
These are some of the deductions you can claim. You have to declare your 80C investments before the end of a financial year. That is, you should have before 31 March 2016 for the current financial year. But don’t worry if you didn’t. You can still enter the investment values when you file your tax returns and claim the deductions.