Tax Relief Unveiled

Nothing in life is guaranteed, except death and taxes. Over here, we are not going to discuss the former, just the latter. Tax saved is money earned. And if you handle it wrongly, it can drain you financially and mentally. Of course, one cannot implement a discussion on tax planning without mentioning Section 80C. What falls under Section 80C? Section 80C is not just about investments but also expenditure. The total of these should amount to Rs 1 lakh - the limit under this section. Investments · Employees' Provident Fund · Public Provident Fund · National Savings Certificate · 5-year bank fixed deposits · Infrastructure bonds · Investment in pension plans · Life insurance premium · Eq

This article was originally published on December 06, 2006.