Rahul, a mechanical engineer, met a Relationship manager at his bank branch last week. The RM kept pitching him with tax saving products. With so many financial products on the table, he was confused and couldn’t make an investment decision. He came back home confused between, what is tax planning and tax saving. He being a non-finance person could not understand the meaning of Section 80C.
For many like Rahul, we will explain today everything of Section 80C — the most loved section by the taxpayers under the Income Tax Act.