individuals tax planning


This query is : Resolved 

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

18 September 2009 You can save under 80D medical insurance for 15k....

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

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

14 October 2009 You can use House Rent allowance.

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


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