About 80 C Tax Deduction calculator – You can calculate the amount of Tax you have saved or you can save by investing in tax saving schemes
What is Income tax Deduction? – Each of us has to pay income tax to the Government. Income tax is calculated at a particular rate ( like 10% of income of 20% of income) on our overall income. However, Government gives benefit to income tax payers on doing certain savings or investments. The Government in turn , uses these saving to finance their development projects like Schools, roads, dams etc. This saving or investment for tax savings, is assumed, to be not as a part of the income, of the payer deducted from the income of the payer. Thus, income tax payer can save income tax by putting his money into specified investments.
Basis – Choose the investments you have made or you plan to make to save income tax. Enter the amount of your investment or investment you want to make, in the scheme( You can choose multiple investments ) You will get the savings you have made or maximum savings you can make by investing as per income tax act.
More – To get more personalized Tax Saving investments portfolio, for your Profile, Start Now with our Rs 1999 per year plan.
Disclaimer :The tax information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. This information has been generated on a best-effort basis.Kindly consult your tax advisor for more information.