Exemption under section 80c

ITR 817 views 9 replies
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Service
356 Points Joined March 2009

May i know the limit of 80C, its 1 lakh or 1.5 lakh?

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On 02 February 2015 at 20:26 Report
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Student
123 Points Joined June 2012
For current F.Y it is 1.5 lakh
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On 02 February 2015 at 21:16
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ARTICLED ASSISTANT
31 Points Joined May 2014
1.5 lakh -as per 2014 amendments of I T act
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On 02 February 2015 at 21:24
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proprietor
26 Points Joined January 2015
1.5 LAKH IN AY 2015/16
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On 02 February 2015 at 23:06
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student
21 Points Joined February 2013
1.5 lac for AY 2015-16
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On 03 February 2015 at 08:39
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CA IPCC STUDENT
21 Points Joined December 2014
Tax exemption limit under 80C raised to Rs 1.5 lakh The Direct Taxes Code (DTC) too had recommended that the combined ceiling for investments and expenditures be raised to Rs 1.5 lakh per annum.
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On 03 February 2015 at 08:49
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Student
122 Points Joined January 2013

Total Deduction under section 80C, 80CCC and 80CCD(1) together cannot exceed Rs 1,50,000 for the financial year 2014-15.

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On 03 February 2015 at 11:00
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Apt Co Advisory
1230 Points Joined June 2009

for Financial Year 2014-15  - 1.5 lac

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On 03 February 2015 at 11:41
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Service
356 Points Joined March 2009

is there any condition for PPF should be 50k or any investment under 80c ??

 

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On 03 February 2015 at 14:19
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Apt Co Advisory
1230 Points Joined June 2009
Originally posted by : Amod Ranjan
is there any condition for PPF should be 50k or any investment under 80c ??

 

No, it may be upto 1.5 lac now.

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On 03 February 2015 at 14:39


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