Sir, I am not a tax expert but articles like yours add to our knowledge. You have given the tax laws in simple language understood by people like us. But I have developed a doubt. To me section 80-C seems to be an EET (exempt exempt tax)which means FM has deceived the people because it is not tax exemption it is simply tax defferment because whenever you withdraw from your savings it adds to your income and is taxable. But I see a glaing disparity in 80-C. If you save and when withdraw you pay tax. But if you repay house loan, you get tax exemption. You don't have to withdraw it like savings. So it is big discrimination. Kindly bring it the notice of concerned authorities to make savings under section 80-C also EEE (exempt, exempt exempt)to bring the savers at par with loanees.
