Hello All,
I would like to know the best tax free investment option like HUDCO/REC bonds, 5 year FD, etc
Can anyone please suggest some lucarative investment options ?
Thanks.
5 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 10 June 2014
Investments in PPF is eligible for deduction u/s 80C upto Rs. 100,000/- pa. The interest accrued is tax free and so is the maturity amount after 15 years.
Anuj Sarda
(Proprietor)
(63 Points)
Replied 10 June 2014
I am aware about PF. I would like to know other options from the one which are used to claim deduction under 80C
Mihir
(Wealth Manager)
(5293 Points)
Replied 10 June 2014
5-year lock-in Fixed deposit
5-year National saving certificate
Life insurance premium
Anuj Sarda
(Proprietor)
(63 Points)
Replied 10 June 2014
These all are options for investments to claim deduction u/s 80C.
I am asking for options other than 80C
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(616 Points)
Replied 10 June 2014
dear anuj ji, following are few option to claim deductions other than 80C
1. mediclaim policy u/s 80D where u cn get deduction upto 40000/-
2. take responsibility of any disable relative and get dedution upto 75000/- u/s 80DD
3. donation u/s 80G
4. HRA Exemption u/s 80GG
5. Interest on Housing Loan u/s 80EE upto 1.50 Lac
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