May i know the limit of 80C, its 1 lakh or 1.5 lakh?
9 Replies
chandra n devadiga
(ARTICLED ASSISTANT)
(31 Points)
Replied 02 February 2015
1.5 lakh -as per 2014 amendments of I T act
BHAVIN ANGHAN
(CA IPCC STUDENT)
(21 Points)
Replied 03 February 2015
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.
avinash singh
(Student)
(122 Points)
Replied 03 February 2015
Total Deduction under section 80C, 80CCC and 80CCD(1) together cannot exceed Rs 1,50,000 for the financial year 2014-15.
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 03 February 2015
for Financial Year 2014-15 - 1.5 lac
Amod Ranjan
(Service)
(356 Points)
Replied 03 February 2015
is there any condition for PPF should be 50k or any investment under 80c ??
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 03 February 2015
| 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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