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Page A-836
Four Reasons it is Crucial to Capitalize on Saving Plans and Schemes?
Tax Savings : Several saving schemes offer one or the other kind of tax advantages—may it be tax deductions, exemption, or both. Some schemes qualify for a tax rebate on investment of up to Rs.1.5 lakh under Section 80C of the Income Tax Act.
Page A-875
Tax savings
A lot of saving schemes offer various kinds of tax benefits such as tax exemption, deduction, or both. Under Income Tax Act 1961, Section 80C, upon the investment of up to Rs.1.5 lakh, you get qualified for a tax deduction. There are also saving schemes that offer tax exemption on the investment, interest ensued, and the maturity amount.