Saturday, June 11, 2016

Invest And Reduce Taxable Income

Certain investments give your tax rebate. These investments come under section 80C of deductions. The  amount invested is deducted from your taxable income. Many of such investments come under EEE category. It means you need not to give tax at the time of  investment, earning and redemption. However, There is a maximum limit for 80C deductions. It has become 1.5 lakhs after the budget  of 2014.

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