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Tag Archives: section 80C

10 points to know about Atal Pension Yojana

Atal Pension Yojana

The Government announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. The Atal Pension Yojana (APY), is one such pension scheme launched by the government recently.   Age of ...

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Payment of tuition fee can help to reduce your taxes

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Introduction: Section 80C of the Income Tax Act allows certain investments in many small savings like NSC, PPF, Pension plans and certain expenditure like payment of tuition fees, life insurance premiums, and payment of principal amount of home loan to be tax exempt. The aggregate amount of deduction permissible under ...

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Take Educational Loan and avail Income Tax benefits

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Introduction Your education loan can lower you tax payouts. Yes, an individual Tax payer who has taken an Educational Loan, can claim deduction under section 80E of the Income Tax Act towards the interest amounts paid. Extract from the Act “80E. Deduction in respect of interest on loan taken for higher ...

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