Investment proofs for income tax declaration (fy 2011-12)

Rahul Sharma (----------) (8182 Points)

23 November 2011  



It is time for getting ready with the investment proofswhich is declared by you at the time of financial year beginning. For the salaried people, the month December will be busy in submitting the proofs for all your investments and future investment till the march month. This task is easy for those who are ready with the documents before the actual time starts for collecting the proofs. It is good idea to start collecting the proofs for all your investments from now to avoid any last minute rush.

Also, if you have not utilized the maximum investments opportunities, this is the last chance for you to find out the scheme to park your money for the tax saving. This article summarizes the list of investments available for the tax savings and would continue in the next articles to explain the each investment in details. This would help you to understand the tax savings investment.



List of Tax Saving Investments

  1. Home Loans
    1. Home loans principal repayment under section 80C
    2. Home loans interest payment under section 24B
  2. Education Loans
  3. House Rent Allowance (HRA)
  4. Public Provident Fund (PPF)
  5. Employee Provident Fund (EPF)
  6. Infrastructure bonds
  7. National Savings Certificate (NSC)
  8. Tax Savings Fixed Deposit
  9. Equity Linked Savings Scheme (ELSS)
  10. Insurance
    1. Insurance policies
    2. Unit Linked Insurance Plan (ULIP)
  11. Health Insurance





The above are only the list of investments for tax exemption purposes. In the next articles, I would explain the each topic in detail. I would have missed few categories in the list, but the above are the mostly used by the salaried employees in a company. If you find any important category is missing, please post it in the comments section.