Anil Rego |340 Answers |Ask -Follow
Financial Planner - Answered on May 31, 2021
I want to save income tax by availing some deductions. Can you please help me in choosing the right investment?
You can invest Rs 1.5 lakh under Section 80C of the Income Tax Act
Public Provident Fund (PPF)
National Savings Certificate (NSC)
Equity-linked savings schemes (ELSS)
80CCD Additional 50,000 for National Pension Fund
80D helps to claim deduction of 25,000 for health insurance premium paid for self and family. You can claim upto 50,000 for senior citizen parents.
Under section 24, you can claim a deduction on interest on home loan up to a maximum of Rs 2 lakh per annum
You may like to see similar questions and answers below
Anil Rego |340 Answers |Ask -Follow
Financial Planner - Answered on Apr 04, 2022
Anil Rego |340 Answers |Ask -Follow
Financial Planner - Answered on Jun 03, 2021
Anil Rego |340 Answers |Ask -Follow
Financial Planner - Answered on Nov 03, 2021
Hardik Parikh |106 Answers |Ask -Follow
Tax, Mutual Fund Expert - Answered on Aug 22, 2023
Shalini Singh |67 Answers |Ask -Follow
Dating Coach - Answered on May 15, 2024
Samraat Jadhav |1745 Answers |Ask -Follow
Stock Market Expert - Answered on May 15, 2024
Samraat Jadhav |1745 Answers |Ask -Follow
Stock Market Expert - Answered on May 15, 2024
Samraat Jadhav |1745 Answers |Ask -Follow
Stock Market Expert - Answered on May 15, 2024
Samraat Jadhav |1745 Answers |Ask -Follow
Stock Market Expert - Answered on May 15, 2024
Anu Krishna |868 Answers |Ask -Follow
Relationships Expert, Mind Coach - Answered on May 15, 2024
Anu Krishna |868 Answers |Ask -Follow
Relationships Expert, Mind Coach - Answered on May 15, 2024
Anu Krishna |868 Answers |Ask -Follow
Relationships Expert, Mind Coach - Answered on May 15, 2024
Anu Krishna |868 Answers |Ask -Follow
Relationships Expert, Mind Coach - Answered on May 15, 2024
Patrick Dsouza |242 Answers |Ask -Follow
CAT, XAT, CMAT, CET Expert - Answered on May 15, 2024
Close