15/01/2024
Dear ProGro Family
_*Tax proof submission is around the corner. Hence we thought of sharing with you few pointers that may help_*
1. *U/S 80EE/80EEA:* You get straight Rs 2,00,000 interest deduction on housing loan from your taxable income. If the loan is taken on or after 1.04.2016, will get additional Rs. 50,000 benefit u/s 80EE. And if loan is taken on or after 1.04.2019, additional benefit of Rs, 1,50,000 will be there u/s 80EEA.
2. *U/S 80C:* Total benefit u/s 80c is 1,50,000 towards investments in ELSS, PPF, PF, Insurance premium, ULIP, House loan Premium. etc.
3. *U/S 80D:* Total benefit of Rs 50,000 for medical insurance premium of self, spouse, children and senior citizen parents. Incase of parents who are not Sr citizen, total deduction allowed will be Rs 25,000. In case there are no medical insurance in name of Sr citizen parents, you can claim maximum Rs 50,000 benifits towards medical expenses during the year.
STILL FALLING SHORT OF INVESTMENTS TO SAVE TAX. PLEASE CONNECT WITH US.
Thank you.
