what more Deductions can make in women assessee Case?

Tax planning 728 views 3 replies

In the case of women assessee what more deductions can avail :-

Salary =  3,00,000/-

Self Occupied House Property-

Interest : 20000/-

U/s. 80-C:

Repay of House loan = 10000/-

GPF= 36000

GIS = 4800

what more can do ? please advice?

 

Replies (3)

You can claim deduction u/s 80C , if you did investment in followings

a) LIC  

b) Mutual Funds (specified)

C) FD's

d) NSC

e) Specified Bonds

 

 

hello anuradha you didnt mention FY

if FY 2008-09

gross pay  300000

loss from house property 20000

and 80 c savings is 50800

net salary is 229200 basic exemption is 180000

she will be eligble for savings 49200

she will take NSC bonds or LIC Premiums

incase FY 2009-10

basic limit is 190000

follow the same rules above

few more investment  You can claim deduction u/s 80C , if you did investment in followings

PPF  upto 70000/-

Child education school fee  upto 8000

Tax saving 5 year FD - upto 1 lakh

medical policy premium upto 24000  ( 12000 for self- spouse-kids  and 12000 for parents)


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