Save u/s 80(C)
We provide access to mutual funds eligible for tax deduction under
Section 80(C) of the Income Tax Act, 1961 upto an amount of
Rs.150,000. We recommend ELSS (Equity Linked Savings
Schemes) funds for you to invest into, ensuring that you get the best
returns out of your investments as well. Investments under ELSS
can be done through InvestMy.Money.
We also offer other investments eligible under 80(C) th
Save u/s 80(C)
Section 80D of the Income Tax Act, 1961 deals with tax deductions
on medical insurance. The Section 80D offers deductions over and
above the exemptions under Section 80C. Deduction is available up
to Rs. 25,000 for self, spouse, and dependent children. If self and/or
spouse is above 60 years of age, the deduction eligible is Rs.
30,000. Additionally, in case of parents, you get an additional benefit
of Rs. 25,000(Rs. 30,000 in case parents are senior citizens)..