for different types of investment, what is maximum permissible amount under section 80C of income tax ?
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Income Tax Deductions under section 80C to 80U
SectionPermissiblelimitType of investment, expense or income80TTAUp to Rs. 10,000 per yearInterest onbank savings account80CCG50% of amountinvested subject maximumof Rs. 25,000Equity saving schemes80CCFUp to Rs. 20, 000Long term infrastructure bonds
SectionPermissiblelimitType of investment, expense or income80TTAUp to Rs. 10,000 per yearInterest onbank savings account80CCG50% of amountinvested subject maximumof Rs. 25,000Equity saving schemes80CCFUp to Rs. 20, 000Long term infrastructure bonds
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Answer:
the correct answer is 150000 rupees
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