At the end of every financial year, many tax payers rush towards making investments to minimize taxes, without adequate knowledge of the various available options. The Income tax Act offers many deduction under section 80C to reduce tax liability substantially for the salaried individuals Viz. LIP, PPF, Housing Loan, Mutual Fund, NSC, Fixed Deposit etc. Here is a quiz to check yourself to know how you are equipped to use tax saving instruments.
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