Maximize Your Tax Savings: Unlocking the Door with Section 80C!

1. Employee Provident Fund (EPF):
   • Contributions to EPF are eligible for tax deductions under Section 80C.
2. Public Provident Fund (PPF):
   • Investments in PPF accounts qualify for tax deductions under Section 80C.
   • Interest earned and maturity amount from PPF are tax-free.
3. Equity Linked Savings Schemes (ELSS):
   • ELSS mutual funds offer tax deductions under Section 80C.
   • ELSS provides exposure to both equity and debt markets.
4. Life Insurance Premiums:
   • Opting for life insurance policies for self, spouse, and children offers tax benefits on premiums paid.
   • Maturity amounts from insurance policies are tax-exempt.
5. Sukanya Samriddhi Yojana (SSY):
   • Investments in SSY accounts for the girl child qualify for tax deductions under Section 80C.
6. 5-Year Fixed Deposits (FDs):
   • Investments in 5-year tax-saving fixed deposits with banks are eligible for tax deductions under Section 80C.
7. Tuition Fees:
   • Tuition fees paid for the education of up to two children are eligible for tax deductions under Section 80C.
8. Principal Repayment of Housing Loan:
   • The principal repayment part of the home loan EMI qualifies for tax deductions under Section 80C.

Important Note:

• The total tax deductions under Section 80C cannot exceed Rs. 1,50,000 in a financial year.
• Consult a tax advisor or financial planner to optimize tax-saving investments based on your financial goals and risk tolerance.

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