• What is the scope of section 80C?

    You can claim the deduction upto Rs 1,50,000 under this section by making investments in different instruments described in the section.

  • What is ELSS?

    ELSS expands into equity linked saving scheme. ELSS is a mutual fund that invests in stocks. ELSS is an investment instrument that allows you to save tax under section 80C. ELSS has lowest lock-in period of 3 years among all the investment instruments available under section 80C.

  • What are the benefits to invest in ELSS?

    ELSS invests in equities (stocks). So, returns in ELSS are based upon movement of stock market. Among financial products, stock market has the strong history to provide higher returns in longer term.

  • What is section 80CCD?

    Section 80CCD provide deduction upto Rs 50,000 in addition to 80C against the contributions made to the National Pension Scheme (NPS). Contributions made by employer towards the NPS, also comes under this section.

  • How does medical insurance help to save tax?

    Medical insurance comes under section 80D. Individual can avail deduction upto Rs 25,000 for the medical insurance of self, spouse & children. Medical insurance of parents provides additional deduction of Rs 25,000 if the parents are less than 60 years old & Rs 50,000 if the parents are above 60 years old.

  • How does home loans helps to reduce the taxes?

    Principal amount of home loan comes under section 80C where individual can avail deduction upto Rs 1,50,000/- & interest amount paid under home loan comes under section 24B where individual can avail deduction upto Rs 2,00,000/-.

Innovative Financial Management SCO 151-152, First floor, Sector 9-C, Chandigarh (UT)160017
WHATSAPP @ 919915710007 CALL US @ 0172 4243333 EMAIL US @

Attention Investors : Prevent unauthorized transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day ....Issue in the interest of Investors

Innovative Consultants INB/INF/INE 231349318

© Innovative Financial Management All rights reserved

Designed, Developed & Content Powered by Accord Fintech Pvt. Ltd.