Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of providing the tax benefit.
IRS rules oversee the actual eligibility of reimbursable accommodating shelling out account products and we comprehend these kind of rules may be complicated at times. While Contract Facilitators, SIMPLE assists ensure that your FSA strategy continues inside of these kind of rules.
