Lesser Known Tax Savings Expenditure

7 LESSER-KNOWN INVESTMENTS, EXPENDITURES ELIGIBLE FOR TAX BREAKS ET Wealth decodes some of the lesser-known investments and expenditures that are eligible for tax breaks. 1. Deduction for pre-nursery Claim relief on children’s play group, pre-nursery and nursery fees Introduced in 2015, this is not as widely known as the deduction on school tuition fees. Section: 80C Maximum permissible deduction: Rs 1.5 lakh What to watch out for: Benefits restricted to two children. 2. Reinvest PPF to save tax Tap PPF account for this year’s tax-saving investments The PPF scheme allows partial withdrawals from the seventh financial year. Read more at www.starhalthdevarajan.com/news/686 For Insurance related Services, Call me at 9840177017 Devarajan