Investments
This query is : Resolved
08 February 2015
my business income is around 5 lacs..and my yearly premium of lic is 39 thousand.what other investment shoud I make to reduce my tax
08 February 2015
You can enjoy deduction of over all Rs 1.50 lacs available under 80C of Income Tax Act which includes payment / investments for LIC Premium, PPF, PF Contribution, Repayment of Hsg Loan, NSC etc.
Besides you can claim deduction under section 80 D for Medicalim Policy (Max up to Rs 15000/-)
You can enjoy deduction of over all Rs 1.50 lacs available under 80C of Income Tax Act which includes payment / investments for LIC Premium, PPF, PF Contribution, Repayment of Hsg Loan, NSC etc.
Besides you can claim deduction under section 80 D for Medicalim Policy (Max up to Rs 15000/-)
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