Salary income

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 Hi... Friend

am very month Salary of CTC 4 Lakh can you guide me how save tax what are planning now onwards please give me answer past

Guest

Guest (Expert)

15 May 2013 First provide the details of your salary, only then any advice can be provided.

Because there are certain allowances which are exempt under the act.

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 can you reply me

Basic 1 Lakh ,HRA 50000, Medical Allo 1250/-con allow 800 Special Allow 232950

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 Please Reply sir

Guest

Guest (Expert)

15 May 2013 Transport allowance will not be taxable, and HRA will be exempted if the conditions specified u/s 10(13A) are satisfied.

HRA will be exempted as per the provisions of Rule 2A

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 No sir what am asking is what are the planning for Save tax

Guest

Guest (Expert)

15 May 2013 What you provided , is the details for financial year 2012-13.

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 No sir now Onwards i mean 1st april 2013 on wards what are the investment i made just clarified sir

Guest

Guest (Expert)

15 May 2013 Start taking medical reimbursement instead of medical allowance, and bifurcate your special allowance.