How much investment can we made in a financial year

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how much Investment can we made in a financial year. my income is Rs. 5 lacs in a financial year. i can avail benefit of 1 Lac under 80C. Rest income is 4 lacs & can i invest in 1 or 2 lacs in bank FDs or post office etc to reduce the tax?

I am not very sure about this. please suggest me

thanks


 

Replies (7)
U can invest 100000 in 80 c I.e lic , 5 yr fd, nsc ,etc
Need more details about your income or break up of the income ie basic, DA, allowance, perquisites, other benefits etc. Rs. 15,000/- on mediclaim u/s 80D.

You can invest any amount in FD but max ded u/s 80C will be ,100,000/- only & FD should be of 5 yrs

Thanks to all.

Please let me explain about my income & profession:

I am individual and having proprietorship business and also getting salary from part time job

As per balance sheet, my total net profit is 5.5 lacs in this financial year in which 2 lacs is department slab & 1 lac is under 80C (NSC & tution fees etc.). now my taxable income is Rs. 2.5 Lacs. If i invest 1 or 1.5 lacs in bank fixed deposit or post office (non tax saving) then can i reduce income tax on this investment. I have balance in bank accounts & cash in hand.

Thanks...

if u have already invested in 80C , then now u can't invest further under this section.I mean even if you invest, you 'll not get the deduction

 

ACCORDING TO ME,

you can also invest in RGESS.

SOURCE:https://www.bseindia.com/rgess/rgessbenefits.htm

              https://businesstoday.intoday.in/story/rgess-investment-options-tax-savings/1/191666.html

It means if i invest i will not get deduction but i can reduce the tax liability by investing in non tax saving deposits for 2-3 years...

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