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Investment in tax saving instruments.

Tax queries 212 views 3 replies
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Retired
32 Points Posted on 15 October 2018

Pradhan Mantri VVY, Sr Citizen Saving and PPF all provide 80 C benefits up to 1,50,000 in a year. Can a person deposit 1,50,000 in each scheme every year? However, he will claim the Tax deduction only for Rs,1,50,000, which is the maximum allowed. Is it allowed?

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On 15 October 2018 at 23:18 Report
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Service
65 Points Posted on 15 October 2018
Till Rs 1.5 Lakh is allowed as deduction u/s 80C
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On 15 October 2018 at 23:27
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45 Points Posted on 16 October 2018
yes. you can invest but deduction will be subject to 150000max
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On 16 October 2018 at 05:28
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Student
507 Points Posted on 17 October 2018
yes you can claim deduction under 80c of ₹150000 every year for the investment made in each year
you can refer my blog on which investment can be tax savings : https://bit.ly/2pSbWay
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On 17 October 2018 at 02:11


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