Few Days Left for making Tax saving deductions

The deadline to make investments is near now, on 31st its being ended. If you haven’t made any investment do it now to save taxes under Section 80C. Normally, the last date for making these investments for any financial year is March 31 but due to corona government extended it this year.

Here are the Investments under Section 80C

-Investments in Provident Funds for example EPF, PPF, etc., payment made towards life insurance premiums, Equity Linked Saving Schemes (ELSS or tax saving mutual funds), payment made towards the principal sum of a home loan, Sukanya Samriddhi Yojana, NSC, Senior Citizen Savings Scheme

-Tax Saving FDs By banks and Post offices.

-Pension plans, as well as mutual funds under Section 80CCC

-Government-backed schemes such as National Pension System, Atal Pension Yojana, etc. under Section 80CCD(1)

-Investments of up to Rs.50,000 in NPS is considered for exemption under Section 80CCD(1B)

-Employer’s contribution towards NPS under Section 80CCD(2)