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Income Tax Deductions from 80C- 80U.
Income Tax Deductions: – Income Tax Deductions means Subtraction i.e an amount that is eligible to reduce taxable income. It is a concession in the Income of Person. The amount of deduction is first included in the gross total income and then deducted from it to arrive at the total income. 80C: – Deduction on Investment, LIC premium, contribution to provident fund, tuition fees, etc. Who is entitled: – Available for Individuals or HUF Quantum Read more…