Save tax u/s 80C
Invest in Life Insurance and get deduction upto Rs. 1,00,000/- , get life cover as well as save tax.
Save tax u/s 80D Get maximum deduction available to the extent of Rs. 40,000/-.
Deduction is available up to Rs. 20,000/- for senior citizens and upto Rs. 15,000/- for insurance of self, spouse and dependent children. Additionally, a deduction for insurance of parents (father or mother or both) is available to the extent of Rs. 20,000/- if parents are senior Citizen and Rs. 15,000/- in other cases.
*note:- Get benefit of tax deduction upto Rs. 1,00,000/- available under Sections 80C, 80CCC and 80CCD (combined together).
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