Tag: Exemption u/s 80C

Exemption U/s 80C | Investment under Section 80C has two purposes: first, to make investments, and  second, to save tax. Thus, the tax thus saved and the investments thus made can be used in the future. Miscellaneous funds under section 80C There are several investments under section 80C which allows the assessee to reduce his tax liability to Rs. 1.5 lac. These investments are as follows: Public Provident Fund Public Provident Fund or PPF Scheme is a long-term investment scheme backed by the Government of India. Also, one can invest in PPF by…