Discover and read the best of Twitter Threads about #80C

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Here's a full list of eligible investments under 80C.

A Thread 🧵
This is the most commonly quoted deduction. Everyone should know about this. The next time someone says have you used your 80C limit, you will know what they mean!

Maximum deduction per year: INR 1,50,000

There is a whole laundry list of eligible investments under 80C.
1. Premium paid for life insurance policy

All premium paid towards life insurance is eligible for the deduction.

However, deduction would not be available if the premium payable for any of the years during the term of the policy exceeds 10% of “actual capital sum assured”.
Read 18 tweets
#TaxPlanning
ஏப்ரல் மாதத்தில் நீங்கள் செய்யவேண்டிய மற்றுமொரு முக்கிய கடமை - Tax Planning.

இதற்கான வழிமுறைகள் என்ன?
எப்படி செய்வது?
எந்தெந்த வழிகளில் முதலீடு செய்வது?

மேற்கண்ட கேள்விகளுக்கான விடைகள் - இந்த இழையில்.
To begin, நீங்கள் செய்யவேண்டியது - உங்கள் அலுவலகத்தில்.

1. New/Old Regime - Select
2. Declaration - எந்தெந்த இடங்களில், எவ்வளவு முதலீடு செய்யப்போகிறீர்கள் என்கிற விவரங்கள் பதியப்பட வேண்டும்
Declaration செய்வதற்கு எந்தெந்த section உங்களுக்கு exemptions அளிக்கும் என்கிற விவரங்கள்:
Exemption category யில், அனைவருக்கும் மிக பரிச்சயமான ஒன்று Section 80C (முதலீடுகள்).

என்னென்ன முதலீட்டு வாய்ப்புகள் உள்ளன?
அவைகளில் எவ்வளவு முதலீடு செய்யலாம்?
படத்தில் காண்க.

இந்த sectionல் உங்களுக்கு அதிகப்படியாக ஒன்றரை லட்சம் வரையில் exemption கிடைக்கும்.
Read 8 tweets
A Thread 🧵80 C Deduction of Income Tax.

Must read for everyone.

A Simple way to to save tax upto Rs. 46,800 each year!

(RT to maximize reach.)

@caniravkaria @CAPratik_INDIAN views welcome 🙏

#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...

This is where #TaxDeductions come into picture.

Deductions allowed under the #IncomeTax act help you reduce your taxable income.
Deduction under Section 80 C is a popular tax deduction section which allows you to claim a deduction of Rs 1.5 lakh on your total income.

By completely utilizing this deduction limit, a person can save tax upto Rs. 46,800 each year! (For person
falling in tax bracket of 30%).
Read 20 tweets
ELSS offers an investor to claim tax deduction under section 80C. Please note this is not an additional deduction it is within the limits of 150,000 per annum.

lets now deep dive into the category wise (retail, HNIs and Corporate) plan wise (direct & regular).

#mutualfunds
#80C
18530 crore retail AUM have decided not to invest in PPF/EPF/VPF but to allocate in ELSS.

opportunity cost & what retail can do: explained👇



Asset Weighted Expense for these schemes (regular mode)👇
Image
6705 Cr of AUM contributed by HNIs

can someone please calculate, how many HNIs are there in India, considering 1.5L whole limit goes into ELSS by HNIs.
OR
Was it mis-selling for earning upfront commission in lock in product

80% of the AUM is in regular mode 📢💣

RIA Vs. MFD Image
Read 4 tweets

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