What is Section 80C Of The Income Tax Act? Section 80C of the Income Tax Act, 1961 allows eligible taxpayers to claim a tax deduction of up to ???1.5 lakh per financial year on specified investments and expenses under the old regime in the Income Tax Act.?? Section 80C is most commonly preferred to reduce […]

Choose the Old Tax Regime if Your Total Deductions are Substantial For Tax Savings The Old Tax Regime helps you claim several tax deductions that help you reduce your taxable income. If you have a home loan, tax-saving investment, health insurance, or NPS contributions, the Old Tax Regime may help you pay less tax than […]

Section 80EEA Section 80EEA deduction is for first-time home buyers to get additional income tax deductions of up to ??? 1.50 lakhs annually on home loan interest payments.?? Home buyers can Declaim the deduction until the loan is fully repaid. However, there are various criteria to go through to use this deducted amount in a […]