I am writing this query on behalf of my sister, her taxable income is Rs.5,74,240 and she has investments u/s 80C, 80CCC & 80CCD is Rs.1,58,543. Since Rs.1,50,000 is the limit under these sections and they have been reached already, it will be helpful if you could suggest what are the other tax saving options here.
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Tax saving
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U/s 80CCD(1B) Additional exemption up to Rs 50,000 in NPS is eligible for income tax deduction.
Introduced in Budget 2015, from FY 2015-16.
Also you can invest u/s 80D in respect of medical insurance premium taken for self, spouse, childrens and parents. This way you can save more tax
Introduced in Budget 2015, from FY 2015-16.
Also you can invest u/s 80D in respect of medical insurance premium taken for self, spouse, childrens and parents. This way you can save more tax
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