Amit (Engineer) 06 November 2012

Maximum investment for tax saving for year 2012-13

Hi,

My company is asking for deaclaration of tax saving investment for year 2012-2013.

For year 2011-2012 the maximum limit for saving was 1 lakh. Is there any change in that limit for year 2012-2013.

If it is stil 1 Lakh I am planning ro show it as 30 k in PF and 70 K in NSC.

Please advice.

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3 Replies

Advocate Ashish Ranjan Samal (Advocate) 06 November 2012

Apart from that you can save Rs. 15000/- / Rs. 20000/- (in case of Sr Citizen) agt Medicalim U/s 80D or U/s 80DD Rs. 50000/- / Rs. 1,00,000/- , U/s 80E Payment of Interest on loan for Higher Edccation & U/s 80G in respect of Donation to National / Prime Minister Relief fund, etc