Need A Financial Product Forums Tax Savings How to save more tax under section 80C and 80D

This topic contains 1 reply, has 2 voices, and was last updated by  Tushar Joshi 2 years, 7 months ago.

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  • #48130

    Tushar Joshi
    Member

    I have two LIC’s Jeevan Anand policies and 2 LIC’s Jeevan Saral policies. My total premium payment in a year exceeds Rs. 1, 00,000. I am also covered under group insurance from my organization for which Rs. 1,500 are monthly deducted from my salary. I invest through SIP in mutual funds for around Rs. 30,000 monthly. I also invest Rs. 24,000 in PPF in a year. How I can save more tax?

    #48131

    Smita Maloo
    Member

    A person can at the most save Rs. 1 lakh under section 80C. In your case the limit has already exhausted, there is no further scope in it.

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