Question

For different types of investments what is the maximum permissible amount under section 80C of income tax? Write the correct alternative answer for the quesiton.
(A) 1,50,000 rupees
(B) 2,50,000 rupees
(C) 1,00,000 rupees
(D) 2,00,000rupees

Answer 1

Step-by-step explanation:

The maximum permissible amount under section 80c is 1,50,000 rupees.

According to 80c a person can only invest maximum 1,50,000 under the relaxation of payable tax .

For example if a person whose income is 10 lacs per annum and he invest 150000 rupees then the payable tax amount will become 850000.