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For different types of investments wha i...

For different types of investments wha is the maximum permissible amount under section 80 C of income tax?

A

Rs. 150000

B

Rs. 250000

C

Rs. 100000

D

Rs. 200000

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What is the maximum permissible deduction to various kinds of savings under section 80 C?

Mr. Mhatre is 50 years old. His gross total income is Rs. 12,00,000. He has invested in the following amounts in different schemes. Investment in PPF : 15,000 Find out the permissible deductions, taxable income, and the income tax payable.

Knowledge Check

  • Write the correct alternative answer for each of the following questions : For different types of investments what is the maximum permissible amount under section 80C of income tax ?

    A
    Rs 1,50,000
    B
    Rs 2,50,000
    C
    Rs 1,00,000
    D
    Rs 2,00,000

  • Write the correct alternative answer for each of the following quesitons. For different types of investments what is the maximum permissible amount under section 80C of income tax ?

    A
    1,50,000 rupees
    B
    2,50,000 rupees
    C
    1,00,000 rupees
    D
    2,00,000 rupees

  • Choose the correct alternative answer for the following question. what is the maximum permissible amount under section 80C of income tax?

    A
    Rs 1, 50, 000
    B
    2, 50, 000
    C
    1, 00, 000
    D
    2, 00, 000

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    Mr. Mhatre is 50 years old. His gross total income is Rs. 12,00,000. He has invested in the following amounts in different schemes. Investment in provident fund : 25,000 Find out the permissible deductions, taxable income, and the income tax payable.

    An amount of Rs.5000 is invested in three types of investments, at interest rates 6% , 7%, 8% per annum respectively. The total annual income from these investment is 350/- If the total annual income from first two investment is Rs. 70 more than the income from the third,find the amount of each investment using matrix method.

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    Choose the correct alternative answer for each of the following question What is the maximum deduction allowed on savings under section 80C, 80D, etc?

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