Give some examples under sec. 80C? What is the maximum
limit ?
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Answer Posted / s.bhavani
Under Section 80C, we can invest in some schemes which can
be claimed for deduction from the Taxable income for the
purpose of Income tax.
Some examples are, Premium paid on LIC policies, Mutual
funds, Medical insurance, Interest portion on House loan
from approved institutions, School fees paid limit Rs.12000
per child maximum of 2 children, etc.
Maximum limit for availing deduction for A.Y. 2011-12,
F.Y.2010-11 is Rs.1,50,000/-
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