individuals tax planning
This query is : Resolved
Ankita Sharma
(Querist)
18 September 2009
hi..i jus wanna know that can tax of an individual(salaried class) can be saved beyond 1 lakh limit. if there is any option do tell me
BALASUBRAMANYA B N
(Expert)
18 September 2009
You can save under 80D medical insurance for 15k....
CA Puneet Jethliya
(Expert)
19 September 2009
there so many options under section 80 in order to save tax and get exemption over Rs.1 lac.
80D : MEDICAL INSURANCE
80DD : MEDICAL TREATMENT OF DISABLED PERSON IF ANY
80E : IF SUCH PERSON INCURRED AMOUNT FOR GETTING HIGHER EDUCATION FOR OWN OR FOR CHILDREN
80D : MEDICAL INSURANCE
80DD : MEDICAL TREATMENT OF DISABLED PERSON IF ANY
80E : IF SUCH PERSON INCURRED AMOUNT FOR GETTING HIGHER EDUCATION FOR OWN OR FOR CHILDREN
Ankita Sharma
(Querist)
19 September 2009
my client is given medical rembursement of 15000 from his office n he is having no child to take loan for studies . is still any option left
Deepak Agrawal
(Expert)
14 October 2009
You can use House Rent allowance.
Also conveyance allowance of Rs.800 per month can be used.
Also conveyance allowance of Rs.800 per month can be used.
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