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.
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.
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.
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