Dec 30, 2012

SAVE TAX

Investment options to save Tax:

One can save up to Rs.1,00,000/- u/s 80 C of the Income Tax Act.

Some of the popular options are . . .

  • Life Insurance Premium
  • ELSS (Equity Linked Savings Scheme)
  • Bank Tax Saver Fixed Deposit
  • NSC (National Savings Certificate)
  • PPF (public Provident Fund)
  • Your PF Deductions
  • Tuition Fees paid for 2 children
  • Housing Loan Repayment (Principal Portion)

Besides this One is eligible for Health Insurance Premium u/s 80 D.

Rs. 15,000/ for Self and Family (Spouse and Dependant Children)

and another Rs. 15,000/- on Parents Medical Insurance below age 60 years. For Senor Citizen Parents (age 60 and above) eligible amount is Rs. 20,000/- 

Invest and Save Tax

HAPPY INVESTING

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