News From Press 7 lesser-known investments, expenditures eligible for tax breaks

7 lesser-known investments, expenditures eligible for tax breaks

Source: The Economic Times Dec 17, 2018

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 ..

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