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Investment in tax saving instruments.

Tax queries 224 views 3 replies

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?

Replies (3)
Till Rs 1.5 Lakh is allowed as deduction u/s 80C
yes. you can invest but deduction will be subject to 150000max
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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