Tax deduction under Section 80CCG

How much tax deduction can i get under Section 80CCG?


The Section 80CCG or Rajiv Gandhi Equity Savings Scheme deduction was launched by the Government to encourage investments in equity shares. Under this section, you can avail a tax deduction of up to 50% of the amount you have invested in equity shares or Rs. 25,000, whichever is lower.

Want to save more tax? You can invest in a tax-saver Mutual Fund. Click here to explore Mutual Funds.

BB Expert