cpc

maximum investment for tax saving for year 2012-13


Hi,

 

My company is asking for deaclaration of tax saving investment for year 2012-2013.

For year 2011-2012 the maximum limit for saving was 1 lakh. Is there any change in that limit for year 2012-2013. 

If it is stil 1 Lakh I am planning ro show it as 30 k in PF and 70 K in NSC.

Please advice.

 
Reply   
 

Apart from that you can save Rs. 15000/- / Rs. 20000/- (in case of Sr Citizen) agt Medicalim U/s 80D or U/s 80DD Rs. 50000/- / Rs. 1,00,000/- , U/s 80E Payment of Interest on loan for Higher Edccation & U/s 80G in respect of Donation to National / Prime Minister Relief fund, etc

 
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Dear Amit

There is no change u/s 80 c  limt for the current year.

 
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i agree with mr.praveen

 
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