Investment guideline..

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Querist : Anonymous

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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.

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Querist : Anonymous

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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.


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