Section 80C

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Section 80C: Deduction for Children School/Education Fee

To promote education in India, the govt allows for Income Tax Deduction under Section 80C & Section 80E. Deduction under Section 80C is allowed for payments made by self and… Read More

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PPF Account and PPF Interest Rate @ 8.7%

Budget 2014 Update: The maximum limit for investing in PPF Account has been increased from Rs. 1 Lakh to Rs. 1.5 Lakh. Accordingly, the maximum tax deduction allowed under Section… Read More