Tell me how much investment I will do to save tax for 4lacs per annum I am a woman?

Answer 1

It does not matter if you are a Man or woman.
You can invest according to your wish but the maximum deduction under section 80C is 1 lac.


Invest in any of the 18 places given by the IT dept u/s 80C.
The maximum deduction will be upto 1 lac.

1.LIC insurance premium (including payment made by govt employees to the central govt employees' insurance scheme and payment made by a person under children 's defered endowment assurance policy){subject to a maximum of 20% of sum assured}
2.Amount deposited as term deposit for a period of5 years or more accordance with a scheme framed by the govt (applicable from Assessment year 2007-2008)
3.Payment in respect of non-commutableDeffered annuity plan
4.Any amount paid as tuition fee (not including any payment towards development fees/donation/payment of similar nature) whether at the time of admission or otherwise to any university/college/educational institutions in india for full time education
5.Salary deducted by employer (incase of Govt employee)
6.contribution to Statutory provident fund and RPF.
7.contribution towards 15yrs PPF
8.contribution towards approved superannuation fund.
9.Subscription to National Savings Certificate VIII issue.
10.contribution for participating in the ULIP of UTI
11.contribution for participating in the ULIP of LIC mutual fund
12.Payment for notified annuity plan of LIC or any other insurer.
13.Subscription towards notified units of Mutual Fund or UTI
14.contribution to notified pension fund set up by Mutual fund or UTI (i.e retirement benefit pension fund of UTI)
15.Any sum paid including accrued interest as subscription to home loan account scheme of the National Housing Bank or contribution to any notified pension fund set uo by the national housing Bank.
16.Any sum paid as subscription to any scheme of
a> public sector company engaged in providing long term finance for purchase/construction of residential house in India.
b> housing board constituted in India for the purpose of planning, development or improvement of cities/towns.
17.Any amount towards the cost of purchase/construction of aresidential property (including repayment of loan taken from Govt. bank, cooperative bank,LIC,National Housing Bank,assessee's employer where such an employer is a public company/public sector company/university/co-operativ... society)
18.amount invested in approved debentures of, and equity shares in, a public company engaged in infrastructure including power sector or units of amutual fund proceeds of which are utilised for the developing, maaintaining,etc of a new infrastructure facility.

Answer 2

Gross salary excluding P.F. contribution p.a. = 228480 Less: conveyance allowance = 7200 HRA = 38400 (considering non-metro city if it is metro city deduction allowed will be 48000 subject to submission of rent reciepts) Now deduct deductions u/s. 80C P.F. = 11520 Insurance premium = 10000 Taxable income = 161360 Tax liability for F.Y. 2007-08 = Rs. 6460 Tax liability for F.Y. 2008-09 = Rs. 1170

Answer 3

You can invest according to your capacity but Income tax dept will give upto only 1lac deduction under section 80c

Answer 4

Maximum you can invest in LIC as premimum/ house loan interest/pf/govt.bonds/kvp/ivp/nsc etc is Rs.1 lac. only.

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good luck