maximum amount to be saved or invested
This query is : Open
m a padmanabhan
(Querist)
27 April 2009
X is a salaried employee earning 15 lakhs per year.
what are the total amounts that can be saved or invested under all sections from 80 c to home loans and fixed deposits in banks (for 5 years) and other provisions if any
m a padmanabhan
X is a salaried employee earning 15 lakhs per year.
what are the total amounts that can be saved or invested under all sections from 80 c to home loans and fixed deposits in banks (for 5 years) and other provisions if any
m a padmanabhan
CA. B.SRINIVASULU
(Expert)
27 April 2009
Rs.100000 in investments.
If he do not own a residential property then he can take a loan for which Rs.150000 will be allowed as a deduction.
If he do not own a residential property then he can take a loan for which Rs.150000 will be allowed as a deduction.
taxindiaconnect
(Expert)
27 April 2009
He can claim the entire interest on house propery loan if the house is let out. The can make Rs 15K towrds premium paid for medical insurance.
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