Repayment of Home Loan has 2 components:- Repayment of the Principal Amount Repayment of the Interest on Home Loan Section 80C: Tax benefit on Home Loan (Principal Amount) The amount paid as repayment of Principal Amount of Home Loan by an Individual/HUF is allowed as tax deduction under Section 80C of [...]
NPS stands for the new National Pension Scheme launched by the Government of India. The scheme is handled by the Pension Fund Regulatory and Development Authority (PFRDA). It is a retirement savings scheme where both employees and employers contribute towards building wealth which is payable to the employee at the [...]
What is ULIP A ULIP is an insurance plan where the premium paid is invested in equity, debt, or money market instruments. Subject to certain conditions, the premium paid towards this policy is allowed as a deduction u/s 80C of the Income Tax Act. So, ULIP premiums can be deducted [...]