Section 80C of Income Tax Act, 1961, provides a deduction of Rs.1,50,000 from the gross income. An individual and HUF can reduce the Net Taxable Income by Rs.1.5 Lac., and minimise the tax liability for the financial year.
|Particulars||Post-Budget (New Scheme)||Post-Budget (Old Scheme)|
|Gross Total Income||0.00||0.00|
|Tax due on above||0.00||0.00|