Income tax: Here are investment options that can lighten your burden
Income tax: Here are investment options that can lighten your burden {Ref.:By: Neha Malhotra | Published: March 17, 2017 2:54 AM} Deduction can be claimed up to R1.5 lakh under Sections 80C and if you are in the 30% tax bracket, you can save up to R45,450 by investing in the following approved tax-saving instruments. (AP) The financial year is almost coming to its end and many investors will seek various avenues in order to save taxes. Here's a quick relook at the various investment options in hand. Investments under Section 80C Deduction can be claimed up to R1.5 lakh under Sections 80C and if you are in the 30% tax bracket, you can save up to R45,450 by investing in the following approved tax-saving instruments. Contribution towards Employees' Provident Fund of 12% of your salary is deductible under Section 80C and the interest earned thereon is tax-free. Contribution towards the Public Provident Fund up to R1.5 lakh is deductible under Section 80C and the inter