How can i reduce my tax? Pls tell investment solutions.
This query is : Resolved
15 January 2010
Sir / Madam,
Good Evening
My uncle is a salaried employee. he is a retired govt employee. & his pension is upto 13000/-. now he got a salary Rs. 35000 per month. he hasn't invest any amount in any securities/ plans or insurance. His age is now 75 yrs. pls tell some investment sources for him.
thanks
Good Evening
My uncle is a salaried employee. he is a retired govt employee. & his pension is upto 13000/-. now he got a salary Rs. 35000 per month. he hasn't invest any amount in any securities/ plans or insurance. His age is now 75 yrs. pls tell some investment sources for him.
thanks
CA Pramod Jain
(Expert)
15 January 2010
firstly he will get basic exemption limit available to sr.citizens, and also he can invest 1 lac u/s 80c in various schemes such as mfelss, fdr for 5 yr etc. and if u can eleborate on house status of ur uncle it can also reduce tax, also if he can get his salary sturctured from his employer like conveyance allowance, medical allowance, lta
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