Section 80C is the most popular section of Income-tax. Maximum 150000 deduction is allowed and you can save up to 45000 tax every year by utilizing this section. Under 80C, public provident fund, life insurance policies, tax-saving fd’s, equity-linked saving schemes (ELSS) are few most popular tax saving options. But many few people know tuition fees paid for child education can also be claimed.
In this video, our expert Mr Manish Hingar, CBO, Financial hospital has discussed the importance of section 80C, avenues in it and how to utilize this section for maximum tax benefit.