Tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2011
My total Income for the A.Y. 2011-12 is Rs. 617000/- . I have make investment of Rs. 85000/-in tax saving bond and I have paid instalments of home loan of Rs. 1,90,000/- (Rs.53000 as interest and Rs. 1,37,000/- as principal amount) during the A.Y. 2011-12 . How much amount can i claim under section 80 C. Please advise me.
04 October 2011
You can claim Rs.1,00,000/- Under Chapter VI-A.
Tax Saving Bond: 85,000
Housing Loan Repayment: 137000
Total:2,22,000
Max Limit Under 80C is Rs.1,00,000/-
Thanks,
CA M Sreenivasa Rao.
Tax Saving Bond: 85,000
Housing Loan Repayment: 137000
Total:2,22,000
Max Limit Under 80C is Rs.1,00,000/-
Thanks,
CA M Sreenivasa Rao.
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