Immaterial of how much you are earning, the limit of 80C is Rs. 1.5L. This was fixed long long long ago. It is an irrelevant number.

80C includes provident fund, term insurance, and children’s school fees.

So if you are earning about Rs. 15L a year…and have a housing loan, the chances are that you do not need any investment under 80C.

So who is chasing 80C?

I do not know. Too much hoopla around an insignificant provision. Unless the government decides to raise the limit to say Rs. 5L or something like that 80C will be irrelevant. Yes 90% of mutual fund agents get into “which elss to buy” and its shitty equivalents.

First sit down with a pen and paper – see how much is ALREADY deducted for 80C. If you have some old stupid ulip or pension plan where you are putting 2L remember you have ALREADY EXHAUSTED the 80C limit.

So check for your PF, term insurance, home loan repayment, some idiotic endowment or pension plans that you are continuing to pay the premium….if yes, see whether it exceeds Rs. 1.5L. If it does, evaluate the plan. Decide to continue or discontinue…

repeat till you drop dead.

End of story.

 

  1. One final thought before I slink away into the darkness. LOL.

    You are responsible for your own failure or success in life. Earlier our people used to blame God now they blame Modi for everything bad that happens to them. (Nobody blames the Congis for anything. Low expectations. LOL) Blaming Modi for your failure won’t make you any less of a failure. Take accountability for your actions. Whether you win or lose in life is completely up to you and the choices you make. The majority of the world’s problems, the reason people are so frustrated despite overwhelming prosperity across the world is because they lie to themselves. Excuse their failures. Reel in victimhood and sanctimonious self-pity. Stop lying to yourself. You’re not fooling anyone. Stop being so emotional or outraged all the time. Stop whining, crying, complaining like a sissy. Take charge of your life. Be a victor, not a victim. And yeah, see this video: https://www.youtube.com/watch?v=pw7SvbShLdI

    That’s it from me. Have fun everyone.

  2. Subra Sir has a ‘politics’ tab on right side of this blog. So, I think it is allowed and okay to do some politic talk once in a while 🙂 Sir pls excuse us one time…. You may be aware of hostile forces and actions within and outside to let ourselves down. (Everything can be googled by the way..)

    (i) Money flowing from hostile countries to Media to paint a negative propaganda against the progressive governments.
    (ii) Money flowing from leaders of neighboring countries to unfit people to ruin this country – hawala channel
    (iii) Money flow for converting underprivileged population at large, into faith which they would not voluntarily switch to, otherwise than for money.
    (iv) Infiltration across porous borders of the Eastern and North-Eastern frontiers and snatching jobs & resources of Indians.
    (v) Trying to keep poor as poor. Then brainwashing them by selling them dreams which cannot be fulfilled (vi) Having multiple children per family and then brick-bat government for poverty.
    (vi) Stage to get undeserved reservation and quota based on your surname. Later, snatch the reservation from actually deserving individuals – just because you are rich – but belong to that underprivileged class.
    (vii) Call for state-strike (left) at zero notice and strand tourists, commuters, emergency services. Have zero value for public property/ life.
    (viii) Sit for uncalled-for dharna and earn sympathy.
    (ix) Unite in a pretext to save India – but with a plan just to defeat an individual/party – rather than to serve India.
    (x) Spread lies and rumors to malign. Have henchmen to defend you, no matter what. Bad-mouth others and call it as freedom of speech
    (xi) Steal what is meant for public good – eg bedsheets from railways, medicines from govt hospitals, ration from ration shops. and go scot free.
    (xii) Have scanty regards for others and for law
    (xiii) Waste parliament legislature time by slogans instead of agreeing on India’s interest (eg. triple talaq, gst)
    (xiv) false allegations of intolerance when none exist, and award wapazi as a means to insult.
    (xv) Pocket filling.. Don’t have to remember A, B, C … scam list of 2014 right ? money trail could be traced..

    … endless list … Anyways people will decide.

    Today in Feb-2019, a person who chased away Tatas from Singur and set an excellent example for how to have a ‘business-friendly’ culture is being projected as one of PM candidate. God help us!

    Pradeep, Modi (2012) and Jaitley (2015) were acquitted from the cases you have quoted by courts. Kejriwal said sorry and paid him for filing defamation case against him. you cannot call them as criminals.

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