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Look for how much of the default tax savings you have exhausted under Section 80C

The Section only allows for deduction of monthly tuition fees paid to school, college or any recognised university

The cap of Rs 1.5 lakh leaves too little to choose from Section 80C

Tax on investments, gains or earnings up to Rs.1.5 lakh is exempt under Section 80C

If you align your tax planning needs with financial goals, you can save on taxes and achieve your financial goals

You can claim deduction from total income in respect of contributions to any PPF belonging to self, spouse or child

Both the funds have a good track record and performance history over different market cycles

The difference between PPF and mutual fund is that PPF guarantees returns, something mutual funds do not & cannot

The maximum amount that can be claimed as a deduction under Section 80 is Rs 1 lakh

ELSS combined with many benefits is a lucrative investment option after retirement

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