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This query is : Resolved 

26 December 2015 Dear sir pl suggest me income tax saving scheme in details. my sal is 40000/- pm further I am giving 10000/- pm to my parents as they are dependent on me.

28 December 2015 Dear
For tax saving you can invest in LIC or PPF.
Buy health insurance policy either in your name or your parents name.

Your payment to your parents of Rs.1000/-pm does not qualify for tax saving


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