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5 tax saving schemes with guaranteed returns up to 7.6%


Updated Feb 27, 2021 | 05:58 IST
Section 80C of the Income Tax Act includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year
5 tax saving schemes with guaranteed returns up to 7.6% 
New Delhi: Tax planning is extremely important and the best time to start planning your tax-saving investments is at the beginning of the financial year. Most taxpayers procrastinate till the last quarter of the year, resulting in hurried decisions. Instead, if you plan at the start of the year, your investments can compound and help you achieve long-term goals. The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act. ....

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January 1, 2021: Start your new year with these 5 tax saving plans


Highlights
Investment and tax saving plans are similar.
The earlier you begin, the more you benefit.
New Delhi: We are already into the New Year 2021. New Year is also a day to make resolutions and set the promise for a better year ahead. And what more better could it be than to think about your finances.
There is a very popular saying that THE EARLY BIRD CATCHES THE WORM. Investment and tax saving plans can also be categorised under these lines. The earlier you begin, the more you benefit.
There are multiple options available for you under 80C. These options are not just tax saving, they also promise great returns in the long run. The maximum tax deduction that you can claim under Section 80C is Rs 1.5 lakh. ....

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