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Tax planning

Shah Yash (surat) (80 Points)

16 August 2014

Dear sir My deduction under sec 80 c is completely unclaimed As we know limit for A.Y.2015-16 is 150000 in what i should i cliam it to mae maximum deduction (under fd , nsc, postoffice, any bonds, or any other

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4 Replies

FALGUNIPRAVINKUMARANADA (JOB) (48 Points)
Replied 16 August 2014

I think money should be invested ij ppf so the income from ppf is also exempt from tax. If u have taken home loan then the repayment of housing loan is also available and interest on repayment of housing loan is also available under the head income from house property. But if not taken loan then as per my point of view ppf is best.

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 16 August 2014

ppf, nsc, lic are best options.... other options are also there but i would suggest these there because they are tax free even on maturity except for last yr intt on nsc.

Shah Yash (surat) (80 Points)
Replied 17 August 2014

Can you tell me what are the interest are available on fd ppf and nsc in market

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 18 August 2014

in nsc there is a lock in period of 8.5 yrs and your money is doubled on maturity.. fd carries intt rate between 6.5% to 9.25% depending upon period of investment.. ppf has intt rate of 8% approx. (not sure).