Hi ,
Apart from Sec-80C , Housing Loan Interest , HRA , Infrastructure Bond , What are the Other way to Save Tax for a Salaried Person
Br// Rashmi
rashmi1kanta (MANAGER) (110 Points)
14 May 2012Hi ,
Apart from Sec-80C , Housing Loan Interest , HRA , Infrastructure Bond , What are the Other way to Save Tax for a Salaried Person
Br// Rashmi
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 14 May 2012
Sir,
You can also exemptions from Sec 80D (Mediclaim), Conveyance and other exempted allowances such as Children Education Allowance, Medical bills reimbursements, leave travel exemption.
Also, you can get deduction for donations made and amount paid as loan for higher education of child.
This is an exhaustive list and there is no scope for salaried individuals to save tax.
Regards
Prateej
prateek aanchalia
(CA)
(859 Points)
Replied 14 May 2012
Sec 80D Mediclaim Insurance
Sec 80E Interest on heigher education loan on her name only
Sec 80G donation in 80G eligible institution
Sec 80GG house rent paid( but if u get HRA than not eligible under this Section )
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 15 May 2012
Investment PPF is also a good way to save tax.
salamat ali
(EXECUTIVE FINANCE)
(24 Points)
Replied 16 May 2012
u can also save tax through 80dd &80ddb, some equity share,invt. in mutual fund etc.
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