However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).
Summary: Section 80C of the Income Tax Act provides tax-saving opportunities for individuals and Hindu Undivided Families (HUFs) by allowing deductions on specific investments and expenses. Eligible ...
This deduction is available over and above the INR 1.5 lakh limit under Section 80C, but only under the old tax regime. Section 80D covers premiums paid for self, spouse, dependent children, and ...