Tax savings

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2015 Dear Sir / Madam,

I'd like to know about the tax savings investments to avail the deductions U/s 80C tO 80CCd.

Is it mandatory to invest Rs. 1,50,000 only in PPF to avail tax deduction of Rs. 15000 or consolidated savings in 80C which includes tuition fees, LIC & other insurances would also be considered / taken into considered for ex:

Insurance policy - 50000
PPF - 50000
education fees - 50000

hope i'm clear in my query.

Gaurav Vora

Gaurav Vora (Expert)
Follow

10 March 2015 For deduction u/s 80C you can choose from a wide range of investment options ie. LIC, PPF, NSC, KVPs, Tuition Fees, FD etc. The treshold limit for deduction u/s 80C to 80CCD is RS.1,50,000.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok