Investment guideline..


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 February 2014 Hello Sir,

My Annually income is 9,00,000 Rs. i don't have any investment now please suggest me how can i invest for my tax saving.

18 February 2014 1. You can claim deduction up to Rs. 1 lakh u/s 80C on the following investments:

LIC, PF, PPF, NSC, tax saving mutual fund, tax saving FDR, children education fees, principal amount of housing loan.

2. You can claim deduction u/s 80CCG up to Rs. 25,000 as a first time investor in shares.

3. You can claim deduction up to Rs. 15,000 u/s 80D for health insurance premium.

18 February 2014 1. You can also claim deduction u/s 80EE up to Rs. 1 lakhs for interest paid on housing loan for low cost house.

2. You can claim deduction u/s 80G for donations.

3. You can claim deduction u/s 80GG for rent paid.

4. You can claim deduction up to Rs. 10,000 u/s 80TTA in respect of interest on saving bank.

5. You can claim deduction u/s 80U if you are a disabled person.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 February 2014 thank u Sir... plz give me more suggestion...

18 February 2014 These are the major reliefs that you can get.

There are other reliefs for expenditure on medical treatment of specified disease, medical treatment of disabled person.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
Featured 06 August 2026
Junior Accounting Associate

Prish Consultancy LLP

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
06 August 2026
Sr accounts executive, Asst Manager

JAMNA AUTO INDUSTRIES LTD

Jamshedpur

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details