Investment guideline..

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2014 Hello Sir,

My Annually income is 9,00,000 Rs. i don't have any investment now please suggest me how can i invest for my tax saving.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 February 2014 1. You can claim deduction up to Rs. 1 lakh u/s 80C on the following investments:

LIC, PF, PPF, NSC, tax saving mutual fund, tax saving FDR, children education fees, principal amount of housing loan.

2. You can claim deduction u/s 80CCG up to Rs. 25,000 as a first time investor in shares.

3. You can claim deduction up to Rs. 15,000 u/s 80D for health insurance premium.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 February 2014 1. You can also claim deduction u/s 80EE up to Rs. 1 lakhs for interest paid on housing loan for low cost house.

2. You can claim deduction u/s 80G for donations.

3. You can claim deduction u/s 80GG for rent paid.

4. You can claim deduction up to Rs. 10,000 u/s 80TTA in respect of interest on saving bank.

5. You can claim deduction u/s 80U if you are a disabled person.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2014 thank u Sir... plz give me more suggestion...

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 February 2014 These are the major reliefs that you can get.

There are other reliefs for expenditure on medical treatment of specified disease, medical treatment of disabled person.