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Section 80CCC is similar to Section 80C, which offers a combined deduction of Rs 1.5 lakhs annually on investments in PPF, EPF/VPF, life insurance, recognised pension funds, and more.
No, they are not the same; however, they are related and fall under the same chapter of the Income Tax Act.
Yes, Section 80CCC is part of Section 80C of the Income Tax Act.
Yes, NRIs can claim a deduction under Section 80CCC.
Yes, you can claim a deduction under both sections; however, one thing to keep in mind is that the combined limit of these sections is Rs 1.5 lakh per financial year.