Tax Deduction

Tax Deduction

Deductions under Chapter VI (sec 80C)

Deduction under Pension scheme (sec
80C).
Medical Insurance Premium (sec 80D).
NSC (sec 80C).Medical for handicapped dependents (Sec
80DD).
Public Provident Fund (sec 80C).Medical for speciMedical for specied diseases (Sec 80DDB).
Employees Provident Fund & Voluntary
PF (sec 80C).
Higher Education Loan Interest Repayment
(Sec 80E).
Children’s Education (sec 80C).Donation to approved fund and charities
(sec 80G).
Housing loan principal repayment (sec
80C).
Rent deduction (sec 80GG) only if HRA not
received.
Insurance premium (sec 80C).Deduction for permanent disability (80U).
Infrastructure Bonds & others (MF, ULIP,
etc.) (sec 80C).
 

 

Deductions from gross income on Life Insurance premium paid.

Under Sec.80C of the Income Tax Act.
Premiums paid up to a maximum of Rs.1,50,000 subject to a maximum of 20% of Capital Sum Assured under Traditional & Unit Linked Plans.

Under Sec.80CCC of the Income Tax Act.
Premiums paid up to a maximum of Rs. 1,50,000 under pension plans. However, u/s.80 CCE, the aggregate amount of deduction under section 80C, section 80CCC, and section 80CCD shall not, in any case, exceed one lakh rupees.

Under Sec.80DD of the Income Tax Act.
Premiums paid under plans exclusively for physically handicapped persons up to Rs.50,000/-In case of severe disability as certied & issued by the medical authority up to Rs. 75,000/- Exemption of Life Insurance Proceeds.

Under Sec.10(10D) of the Income Tax Act.
Maturity benets are tax-free. However, in cases where premium exceeds 20% of capital sum assured within a year, benets paid in excess of premiums paid will be taxable. Death benets are tax-free.

We offer a comprehensive range of insurance products tailored to meet your individual needs.

We are on Available

Download Our Free App on

Address

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

AMFI Registered Mutual Fund Distributor | Amitkumar Dhirajlal Mehta | ARN – 0183  |  Date of initial Registration: 15-06-2002  | Current validity:  14-06-2027

AMFI Registered Mutual Fund Distributor | Kalpna Amitkumar Mehta | ARN – 63163  |  Date of initial Registration: 21-06-2008  | Current validity:  18-06-2025

AMFI Registered Mutual Fund Distributor  | Dhirajlal K. Mehta | ARN – 12674 |  Date of initial Registration: 17-07-2003  | Current validity:  16-07-2025

AMFI Registered Mutual Fund Distributor  | Bhanumati Dhirajlal Mehta | ARN -90825  |  Date of initial Registration: 19-06-2013  | Current validity:  18-06-2025

AMFI Registered Mutual Fund Distributor  | Harshal Amit Mehta | ARN – 115318  |  Date of initial Registration: 19-08-2016  | Current validity:  18-08-2025

AMFI Registered Mutual Fund Distributor  | Devanshi Harshal Mehta | ARN – 194019  |  Date of initial Registration: 31-01-2021  | Current validity:  30-01-2027

Grievance redressal: +91 9825205734 | mehta.a.2000@gmail.com 

Copyright © 2024. All Rights Reserved By Swadeshi Jamnagar | Disclaimer | Disclosure | Privacy-Policy | SID/SAI/KIM | Code of Conduct