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Income Tax 80C

Rajagopal.H (Engineering) (24 Points)

20 February 2009

Hi,

I would like to know, maximum howmuch can I save under 80C. For women what is the limit. Pls give me these details.

Thanks and Regards

H.Raja

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5 Replies

BALASUBRAMANYA B N (CCI STUDENT....) (44687 Points)
Replied 20 February 2009

HELLO

UNDER 80C- 1 LAK

FOR WOMEN- 1.8 LAK

Kiran Kumar V (C.A. Final) (181 Points)
Replied 20 February 2009

Hi Mr.Rajagopal

Maximum deduction available Under section 80C to 80CCD is Rs.100,000/-, for this purpose there is no difference between individual and women assessee.

For the Assessment Year 2009-10 basic exemption limit for a women assessee 10 Rs. 1,80,000/-

CA Parvin Ahuja (Chartered Accountant) (408 Points)
Replied 21 February 2009

Maximum deduction allowable under section 80C of The Income Tax Act,1961 is Rs1,00,000/- for all the assessees irrespective of being a normal assessee,female or senior citizen.

Ravleen Chandok (article) (32 Points)
Replied 21 February 2009

There is a fixed limit of Rs 1 Lacs in case of an individual .

CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 21 February 2009

Maximum deduction allowable under section 80C of The Income Tax Act,1961 is Rs1,00,000/- for all the assessees irrespective of being a normal assessee,female or senior citizen.