How much money is to be saved in 2009-10 through policies such as PPF, LIC, NSC, etc, to avoid Income-Tax?



Is it Rs 1 lakh? Or is it more?





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This is the unofficial website of Indian Post office schemes which shows official schemes of Indian Post Office e.g., Public Provident Fund (PPF), RD, MIS, Kisan Vikas Patra, NSC, Time Deposits, Savings account, Senior Citizens Savings Scheme etc.

4 thoughts on “How much money is to be saved in 2009-10 through policies such as PPF, LIC, NSC, etc, to avoid Income-Tax?

  • September 21, 2012 at 8:12 pm
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    The limit is Rs 1 lakh for the current finanical year

  • September 21, 2012 at 8:12 pm
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    Rs. 1 lac.
    The maximum amount deductible under section 80C is Rs. 1,00,000. Also the total amount of deductions under sections 80C, 80CCC and 80CCD is Rs. 1,00,000.
    Read about Investment/insurance based Deductions from the Income: Section 80C, 80CCC, 80CCD, 80CCE

  • September 21, 2012 at 8:12 pm
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    Remains as 1 Lakh only. Only the taxable limit has been increased upto 1,60,000

  • September 21, 2012 at 8:12 pm
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    Savings u/s 80C max upto Rs 1 lakh is for claiming deduction and not for avoiding tax.

    HMT

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