Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

income tax

13 April 2018

person expected income 1600000
expected pf 70000, tution fees 30000

where to make investment to get maximum tax benefit ?

Reply
Follow
Share

2 Replies

A B Kundu (Professional) (1422 Points)
Replied 13 April 2018

Tax Saving FD, ELSS, PPF, NPS, SIP

1 Like

SOHAN LAL (Manger Accounts & Finance) (363 Points)
Replied 14 April 2018

u can investment as per section 80c in LIC in favour of spouse, children,mother, father, fixed deposit in bank, post office for 5 yaer or above, PPF Account.
maximum deduction u/s 80c is 150000/-

u can invest pension saving scheme and get more 50000/- deduction u/s 80ccd

total deduction available up to 200000/-