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Income from salary

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(Querist)
29 December 2016 Maximum deduction available to a salaried person if he has annual income of 480000. And has a home loan. I want like which all deductions from income he can claim to avoid tax. Thank you.
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Sandeep Dharar

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Sandeep Dharar (Expert)
29 December 2016 U/s 80C - 150,000/-
u/s 80D - 20,000/-(including medical bills)
80TTA - maximum of 10K
U can claim deduction of interest from housing loan(if any upto 1,50,000)


U may select the respective calculator for the relating AY to calculate ur approx income:-

https://finotax.com/income-tax/
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VIPIN GUPTA

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VIPIN GUPTA (Expert)
29 December 2016 Housing Loan Interest can be claimed upto Rs 2 lacs
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