A quick guide to last-minute tax planning

Do you find yourself in a situation where there are just a bunch of days ahead for the deadline of submission of tax documents? Here is a quick guide to help you sort out your finances last minute! Target full utilisation of Section 80C Maximum deduction available is to the tune of Rs 1,00,000. Assess your income to arrive at the amount you need to invest in this section. The investment avenues include Public Provident Fund (PPF) up to Rs 70,000, National Saving Certificate (NSC), Life Insurance or Ulip premium, tuition fees paid for children s education (two children max), Equity ...

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