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Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2011 My annual is Rs. 275000, i palnning to deposit Rs. 70000 in ppf account, my annual PF contribution is Rs. 12264 and professional tax is Rs. 1560 in this way my taxable income is Rs. 11176, so i want to know further where should i invest that my tax liability become nil.
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CA Anjali Aswal

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CA Anjali Aswal (Expert)
03 November 2011 You can go for mediclaim eligible for deduction u/s 80D upto Rs. 15000/-.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
03 November 2011 there is NSC, LIC, tax saving FDs which is eligible u/s 80 C
then mediclaim u/s 80 D if you want to invest in this.
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