individuals tax planning

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Ankita Sharma (Querist)
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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

BALASUBRAMANYA B N (Expert)
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18 September 2009 You can save under 80D medical insurance for 15k....

CA Puneet Jethliya

CA Puneet Jethliya (Expert)
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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

Ankita Sharma

Ankita Sharma (Querist)
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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

Deepak Agrawal (Expert)
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14 October 2009 You can use House Rent allowance.

Also conveyance allowance of Rs.800 per month can be used.

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