Anuradha Gadodia (Student) (36 Points)
27 March 2010In 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?
bharat
(ARTICLE)
(86 Points)
Replied 27 March 2010
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
CMA K SIVA KUMAR
(Jr. Executive (Accounts))
(79 Points)
Replied 27 March 2010
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
viki
(aa)
(34 Points)
Replied 27 March 2010
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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