Which investment are eligible for Deduction under Income Tax and upto which limit ?

POSTED BY Mukesh Agarwal ON December 23, 2010 3:50 pm COMMENTS (2)

Hi Members

I want to know that which investment are eligible under income tax. I know only that, the given below are deducted in Income Tax.

Rs 1,00,000 Lakhs (NSC, PPF, LIC, TD, Etc)

Rs 15,000 Mediclaim (Rs 20,000 for SC) ,

Rs 20,000 Infrastructure bonds.

Please suggest me is there anything more investment from which i get deduction from any act from Income Tax. Please your valauble suggestion.

Thanks

Mukesh

2 replies on this article “Which investment are eligible for Deduction under Income Tax and upto which limit ?”

  1. bharat shah says:

    -donation to eligible institutes @50%, 100% and 125% as per govt.’s sanction

  2. There are some more , but for a general person

    – 15,000 for medical bills , 50k for LTA
    – 1.5 lacs for Home loan interest under sec 24

    Manish

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today