It is the time of the year when the salaried search for tax-saving products to reduce their taxable income and save on taxes. Section 80C of the Income-tax Act, 1961 (I-T Act) allows deduction from gross total income of up to Rs1.50 lakh per financial year on investing in certain financial products or on certain items of expenditure. Those in the highest tax-slab can save up to Rs46,800 in...
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