Saving of income tax


This query is : Resolved 

Quick Summary
This discussion explores options for reducing income tax liability on a net taxable income of £595,066. While standard deductions and Section 80C/80D investments have been applied, further savings might be possible. The expert suggests considering an additional £50,000 investment in the National Pension System (NPS) as a potential tax-saving measure.

30 January 2021 Respected Sir

My Net Taxable income is 595066 after all deduction of 80C (150000), 80D(25000), Standard Deduction of Rs.(50000), Home Loan interest u/s 24B (200000). Is their any possibility of saving tax?. Please guide


31 January 2021 Following details required : 1. When you have taken loan. 2. Interest on house loan paid during the year 3. details of 80C deductions

08 February 2021 Need to look in details of the total income you are saying .
Presuming, you have considered all possibilities of savings in the income, you can further avail 50000/- through investment in NPS.


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