Tag Archives: Section 80C

School Tuition Fees Deduction u/s 80C of Income Tax

Tuition Fees Deduction under Income Tax Act (India) Section 80C The taxpayer can claim deduction under section 80C in respect of amount paid by him during the year towards tuition fees (excluding development fees, donation or similar payments) paid at the time of admission or thereafter, to any university, school, college or other educational institution… Read More »

Tax benefits of Life Insurance Policy

TAX BENEFITS DUE TO LIFE INSURANCE POLICY Payment of premium on life insurance policy not only gives insurance cover to a taxpayer but also offers certain tax benefits. Deduction in respect of Life Insurance Premium, PPF, NSC, etc. [Section 80C] Section 80C of the Income Tax Act provides deduction in respect of various items like… Read More »