Wednesday, August 26, 2015

NPS Deduction under Section 80CCD1B

 

NPS Deduction under 80CCD1B

Section 80C and 80CCD1B together allow NPS deductions of up to Rs 2 lakh

 

You can go ahead with your tax planning. Section 80C and 80CCD1B together allows you to invest up to R2 lakh and claim tax deductions. It is up to you to decide how you want to make those investments. It is just an accounting exercise as there are no preconditions attached to these sections.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

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