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
