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Tax saver fix deposit query
I have one tax saver FD with my wife, wherein, I am primary holder and she is joint holder in either or survivor as MOP, can I open other tax saver FD in which my wife will be primary holder and I will be joint holder in either or survivor?? whether we both can claim tax benefit??
Replies (7)
Quick Summary
Yes you can invest in other tax saver fd
if your wife is not filling return then we will liable to claim wholly but if you're wife is filling return
then being a joint holder the amount will be divided among both of you and will shown in respectively ITR
if your wife is not filling return then we will liable to claim wholly but if you're wife is filling return
then being a joint holder the amount will be divided among both of you and will shown in respectively ITR
Thank You so much...One more query, can I open more than 1 tax saver FD and more than Rs 1,50,000/- threshold???
Thank You so much...One more query, can I open more than 1 tax saver FD and more than Rs 1,50,000/- threshold???
You invest as much possible but deduction you get only 150000.
Thank you so much...
The maximum deduction limit available under Section 80C of the Income Tax Act 1961 is Rs. 1,50,000/- Also the combined limit of Section 80C, 80CCC and 80CCD(1) is also Rs. 1,50,000 as per the Provision of Section 80CCE of the Income Tax Act 1961.
You get maximum deduction 150000 under the Act 1961. It doesn't matter how much you invest.
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