80C and 80D are deductions available under the Indian Income Tax Act, 1961. Lower your tax burden considerably by filing 80 C & 80 D deductions.
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80C is a tax deduction available to individuals and Hindu Undivided Families (HUFs) for specified investments and expenditures. It includes investments in tax-saving fixed deposits, public provident fund (PPF), life insurance premiums, and tuition fees for children, among others.
80D is a tax deduction available to individuals and HUFs for medical insurance premiums paid for self, spouse, children, and dependent parents. This deduction is available in addition to the 80C deduction.
There are several benefits to claiming deductions under Section 80C and 80D of the Income Tax Act in India:
Section 80C of the Income Tax Act of 1961 in India allows individuals to claim deductions on certain investments and expenses up to a maximum limit of ₹1.5 lakh per financial year. Some of the investments and expenses that are eligible for deductions under Section 80C include.
To file 80C and 80D deductions, you will need to follow the following steps:
Vaklsearch’s expert chartered accountants team will contact you and help you file your 80C and 80D deductions. Taxpayers and firms across India choose Vakilsearch every year to do their taxes and claim their deductions. Our team will be completely transparent in the entire process, and we will inform you about the benefits of filing tax returns. Our support team will check your queries and get back to you promptly.
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